Business Intelligence Monitor 211110

(Introduction)

[Markets]

•   Global: Stocks close below record amid U.S. inflation worries; oil climbs

•   Oil: Oil Jumps as Energy Report Dims Chances for Immediate Relief

※   EIA: Short-Term Energy Outlook

•   Metals: Copper skids on worries about Chinese property crisis

•   Grains: Soy jumps after USDA makes surprise cut to U.S. yield estimate

•   Cryptocurrency: Bitcoin, ether hit all-time highs as momentum accelerates

•   한국: 코스피, 강보합 2,962.46 마감…개인·외국인 순매도

•   한국: 두산그룹주 혼조, 두산밥캣 8%대 두산 5%대 뛰고 두산중공업 내려

[Indicators]

•   US Q3 Household debt: Household debt total passes $15 trillion for the first time

•   US Oct. PPI: U.S. Producer Prices Climb 0.6%, Adding to Inflation Concerns

•   US Oct. Construction employment: Construction Adds Jobs, Still Lags 2020 Levels

•   US Oct. NFIB Business optimism index: US Small Business Optimism Falls to a Seven-Month Low

•   US Oct. Dodge momentum index: Dodge Momentum Index Up 10% in October

•   Germany Sep. Balance of trade: German exports fall for second consecutive month in September

•   Germany Nov. ZEW economic sentiment: German investor morale rises as price pressures seen easing

•   UK Oct. Retail sales: Early Christmas shopping and cinema trips boost UK consumer spending

•   Japan Sep. Current account: Japan's Sept. current account surplus falls 31% with slow car exports

•   Japan Oct. Economy Watchers sentiment: Japan's October service sector sentiment at highest in nearly 8 years

•   Saudi Arabia Q3 GDP: Saudi Arabia Economy Grows at Fastest Rate in Nearly a Decade

•   Philippines Q3 GDP: Philippines Q3 GDP slows less than expected, putting 2021 target in reach

•   한국 3분기 제조업 국내공급: 글로벌 공급 차질에 3분기 제조업 회복세 둔화

•   한국 10월 외국인 증권투자: 외국인 한 달 만에 ‘셀 코리아’…지난달 3.3조 넘게 순매도

[Trackers]

•   Johns Hopkins University: COVID-19 Global Cases & Deaths

•   Worldometer: COVID Live Update

•   Bloomberg: Covid-19 Vaccine Tracker

•   NYT: Covid-19 Vaccine Tracker: Latest Updates

•   FT: Pandemic crisis: Global economic impact tracker

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: Pfizer, BioNTech Ask FDA to Expand Covid-19 Booster Use to All Adults

※   If the FDA grants the request, the companies’ booster shot would be cleared for people 18 years and older, in addition to certain high-risk adults already eligible

•   WSJ: Senate Set to Cut Provisions in House Democrats’ $2 Trillion Spending Plan

※   House proposals on paid leave, immigration and state-and-local-tax caps face obstacles

•   WSJ: Companies Lobby Against Democrats’ Interest-Deduction Limits

•   WSJ: How Cities Could Spend $1 Trillion on Infrastructure: Roads, Trains and Highway Exits

•   WSJ: Building and Renting Single-Family Homes Is Top-Performing Investment

•   WSJ: Biden Administration Outlines New Moves to Alleviate Supply-Chain Logjams at Ports

※   White House: FACT SHEET: The Biden-⁠Harris Action Plan for America’s Ports and Waterways

•   WSJ: Poland Tries to Repel Surge of Migrants Caught Up in EU-Belarus Standoff

•   WSJ: Iraq Struggles to Control Iran-Allied Militias Believed Responsible for Attack on Prime Minister

•   WSJ: General Electric to Split Into Three Public Companies

※   Once mighty American manufacturer will split off healthcare and then power businesses

•   WSJ: GE Is Splitting Into Three Companies: What to Know About General Electric Breaking Up

•   WSJ: Investors Hate Conglomerates. It Doesn’t Mean They’ll Love the New GE.

•   WSJ: General Electric Through the Years: The Decline of an American Powerhouse

•   WSJ: The Electric-Truck Battle to Come: Batteries Versus Hydrogen Fuel Cells

•   WSJ: Elon Musk’s Possible Tesla Share Sale Comes as Tax Bill Looms

•   WSJ: Facebook Parent Meta Limits Ad Targeting for Politics and Other Sensitive Issues

•   WSJ: Semiconductor Industry Isn’t Spending Big on Scarce Old-Tech Chips

•   WSJ: Big Tech Seeks Its Next Fortune in the Metaverse

•   NYT: ‘America Is Back’ Pelosi Says at Glasgow Climate Talks

•   NYT: Moderna and U.S. at Odds Over Vaccine Patent Rights

•   NYT: The Biggest Kink in America’s Supply Chain: Not Enough Truckers

•   NYT: China Evergrande Troubles Spread Through Property Sector

•   NYT: India Eased Its Covid-19 Disaster. Fears of Complacency Remain.

•   NYT: Moderna and U.S. at Odds Over Vaccine Patent Rights

•   WP: U.N. emissions gap report estimates global warming trajectory at 2.5 degrees C

※   UNEP: Addendum to the Emissions Gap Report 2021

•   WP: The Biden economy is doing pretty well by the measures Trump used to evaluate his own

•   WP: Chile’s lower house votes to impeach president over Pandora Papers allegations

•   WP: North Dakota coal sector sees opportunity in electric vehicles

•   FT: Gazprom makes slow start on boosting gas supplies to Europe

※   Markets react tepidly as volumes remain too low to stave off supply fears

•   FT: Inflation surge delivers negative real interest rates for leading economies

•   FT: Global cargoes are way up on pre-pandemic levels

•   FT: Macron toughens push for French over-65s to get Covid boosters

•   FT: Denmark poised to reintroduce Covid passports as cases climb

•   FT: EU 2022 budget talks held up by staffing requests

•   FT: EU accuses Lukashenko regime of ‘gangster’ behaviour over migrant crisis

•   FT: EU ‘no option’ but to retaliate if UK suspends N Ireland protocol

•   FT: ‘Dude, you don’t matter much, so why is the BoE driving our market?’

•   FT: Rolls-Royce mini-nuclear power plant design gets UK state backing

•   FT: China struggles to regulate house prices despite glut of controls

•   FT: Iran hardliners cautious on Vienna nuclear talks

•   FT: Asia charts a third way as it opens up its post-Covid economies

•   FT: Global holdings of Chinese stocks and bonds rise by $120bn in 2021

•   FT: Stay or sell? The $110tn investment industry gets tougher on climate

•   FT: Will Rivian’s blockbuster IPO make it the next Tesla?

•   FT: Facebook whistleblower warns UK and EU to do more to control online harm

•   FT: Iberdrola calls for ‘national interest’ approvals for green energy projects

•   Bloomberg: China’s Politics Enter Turbulent Period as Xi Pushes for Control

•   Bloomberg: Evergrande Faces Biggest Payment Test Yet as Grace Periods End

※   Developer must pay $148 million in coupons to avert default

•   Bloomberg: China Tightens Use of Property Proceeds as Fed Sees Risks

•   Bloomberg: China Property Stress Spurs Fed Warning as Bond Losses Widen

•   Bloomberg: Covid Stole 28 Million Years of Life From 31 Countries Last Year

•   Bloomberg: Vaccinated 16 Times Less Likely to Die From Covid, Study Shows

•   Bloomberg: Brainard Interviewed by Biden for Fed Chair as Search Heats Up

※   Discussion shows that Powell faces serious rival for chair

•   Bloomberg: A Brainard Fed May Mean Lower for Longer: Wall Street Reacts

•   Bloomberg: ‘Eye-Popping’ Inflation Should Subside in 2022, Fed’s Daly Says

•   Bloomberg: Biden, Trudeau, AMLO to Meet as North American Borders Reopen

•   Bloomberg: U.S. Rent Hikes Are Spreading to Older Apartments

•   Bloomberg: U.S. Lawmakers’ Visit to Taiwan Inflames Tensions With China

•   Bloomberg: Biden Calls Walmart, UPS, FedEx, Target CEOs on Supply Chain

•   Bloomberg: White House Dispels Oil Pipeline Shutdown Fears, Pledges Talks

•   Bloomberg: U.S. Supply-Chain Hurdles to Last Well Into 2022, Raimondo Says

•   Bloomberg: Biden Commerce Chief Says U.K., Japan Steel Talks to Start Soon

•   Bloomberg: Biden Urges Net-Zero Aviation Emissions by 2050 in Huge Leap Beyond Cars

•   Bloomberg: Germany Agrees Rules to Tackle ‘Pandemic of Unvaccinated’

•   Bloomberg: ECB Would Aid Rich If Rates Rise Before QE Ends, Schnabel Says

•   Bloomberg: BOE’s ‘Game-Changing’ Green QE May Set World Standard, BofA Says

•   Bloomberg: China PPI: Factory Inflation Likely Rose to 26-Year High in October

•   Bloomberg: Brazil Congress Resumes Voting on Bill that Eases Fiscal Law

•   Bloomberg: GDP Revisions Paint Brighter Picture of Canadian Economy

•   Bloomberg: Duterte Daughter Withdraws Candidacy for Mayor in Home City

•   Bloomberg: Myanmar Court To Hand Down First Verdict on Suu Kyi Next Month

•   Bloomberg: Yen Bears Getting Burned in November Amid Rate-Market Turmoil

•   Bloomberg: Digital Currencies Likely to Be Legal Tender, Central Banks Say

•   Bloomberg: China to Make Digital Yuan and Payment Apps More Connected

•   Bloomberg: Traders Are Betting That Fed Rates Will Peak Shortly After 2023

•   Bloomberg: Goldman Sachs Says You May Not Want Bonds in Next Market Cycle

•   Bloomberg: U.S. Soybean Crop Is Smaller Than Expected, Sending Up Prices

•   Bloomberg: Vitol CEO Says Oil Demand Back at 2019 Level and Set to Rise

•   Bloomberg: World's Biggest Copper Trader Sees Weak Patch Ahead

•   Bloomberg: The new paradox in the energy market

•   Bloomberg: How Steel Could Become Green, and What It Would Take

•   Bloomberg: Second-Hand Economy Goes Mainstream as Shoppers Hit Supply Knots

•   Bloomberg: TSMC to Set Up $7 Billion Japan Plant with Help from Sony, Tokyo

•   Bloomberg: COP26 Pledges Bring World Closer to 1.5°C Goal

•   Bloomberg: COP26: Climate Change Puts 1 Billion People at Risk of Heat Stress at 2C

•   Bloomberg: BlackRock, Brookfield Pipeline Bids Underscore an ESG Dilemma

•   Bloomberg: U.K. Rejects Alliance Seeking Fixed Date to End Oil and Gas

•   Bloomberg: Kerry Sees a Deal on Global Carbon-Trading Rules at COP

•   Bloomberg: COP26: Climate Change Puts 1 Billion People at Risk of Heat Stress at 2C

•   Bloomberg: China’s Coal Pledge Could Have Canada-Sized Emissions Impact

•   Bloomberg: Investors Pushed Mining Giants to Quit Coal. Now It’s Backfiring

•   Bloomberg: World’s Largest Hydro-Floating Solar Farm Goes Live in Thailand

•   Reuters: COP26 has 'mountain to climb' to curb warming as talks intensify

•   Reuters: Biden-Xi virtual meeting planned for as soon as next week-person briefed on matter

※   Spokespersons for the White House and the Chinese embassy in Washington declined to confirm

•   Reuters: WHO warns of shortage of 1-2 bln COVID vaccine syringes

•   Reuters: U.S. extends ban on securities investments in companies linked to China military

※   United States will continue a Trump-era ban on U.S. investments in Chinese companies that Washington says are owned or controlled by the Chinese military

•   Reuters: U.S. Treasury's Yellen says investment bills will boost U.S. productivity, labor force

•   Reuters: Fed's Powell touts benefits of maximum employment

•   Reuters: Fed's Kashkari: Keeping an 'open mind' on timing of rate hikes

•   Reuters: Exclusive: EU close to deal on new round of Belarus sanctions, diplomats say

•   Reuters: Macron says France will build new nuclear energy reactors

•   Reuters: Chinese property bonds dive as contagion kicks in

•   Reuters: India could ship vaccines to COVAX in a few weeks, say sources

•   Reuters: France says nuclear talks with Iran must resume where they left off

•   Reuters: Volkswagen plans new site in Germany to counter Tesla's gigafactory

•   Reuters: Nvidia launches new products to plug cars, factories into its Omniverse

•   Reuters: Analysis: More net than zero: Do carbon-cutting promises add up for the climate?

•   AP: Despite reopening, the US is still closed to many in world

•   CNN: Why Joe Biden can't do much to ease gas prices

•   CNN: There is no fear on Wall Street. Only greed

•   CNBC: Consumer prices likely surged last month at their fastest pace in about 30 years

•   CNBC: Democrats hope Biden’s economic bills win over voters who are worried about inflation

•   CNBC: Meet the youth activists fighting for climate action at COP26

•   CNBC: COP26 climate summit switches focus to science and innovation

•   CNBC: China’s property market debt could weigh on the country for years, economist George Magnus warns

•   MarketWatch: These 25 semiconductor stocks could rise as much as 43% with chips in short supply

•   Fox News: President's inner circle linked to Clinton campaign’s dirty tricks against Trump, sources tell Fox News

•   Fox Business: Pricey products and spotty service become calling cards of ‘skimpflation’

•   SCMP: Zero chance for China’s zero-Covid aim now virus has adapted, Sars expert says

•   SCMP: China’s marketisation has taken a hit, and pro-market economists blame Beijing interference

•   SCMP: China’s harsh medicine for property sector, local government debt could cause chaos, economists warn

•   SCMP: Explainer | China shipping: from its monopoly on containers, to its critical role in the global supply chain

•   Global Times: West reopens its borders, but will that affect China's 'zero COVID' policy?

•   Nikkei Asia: Japan kicks off debate on $265bn stimulus including batteries, chip factory

•   Nikkei Asia: Toyota, Nissan, GM jump-start production as chip crunch eases

•   Nikkei Asia: Five Eyes to Nine Eyes? China threat sparks call for wider intel sharing

•   reNews: ‘Hydrogen demand to outstrip electrolyser supply’

•   MINING.com: Metals sector’s recovery to continue through 2022 — report

•   For Construction Pros: Can the Construction Industry Deliver on What the Infrastructure Bill Promises?

•   DIGITIMES: Notebook ODMs still unable to fulfill all orders for 4Q21

•   DIGITIMES: Global server shipments to see smaller than expected growth in 3Q21

•   매경(P1): [단독] 中 만난 외교·통상수장, 요소수 언급도 안했다

※   中, 한국 겨냥한건 아니라지만…"중국에 대항하면 해 입을것"

•   매경: 중국이 마음만 먹으면 K배터리 숨통 끊는다…원자재 의존도 80% 넘어

•   매경: '제조 강국' 한국, 수입비중 갈수록 늘어

•   매경: 화력발전소도 한달밖에 못버텨…요소수 품귀, 전력대란 부르나

•   매경(P1): 코로나이후…3400조원 인프라 시장 열린다

•   매경: 삼성·SK, 반도체정보 제출…美 "자료 부실땐 추가 조치" 으름장

•   매경: 이러자고 대출규제 했나…가계부채 증가율 단 0.035%P 줄였다

•   매경: [단독] 産銀-에디슨모터스, 쌍용차 대출 놓고 신경전

•   매경: 삼성전자 차세대 모바일 D램…전력효율 20%·속도 1.3배 높여

•   한경(P1): 與 "내년 1월 전국민에 방역지원금"

•   한경(P1): 부동산 개발에 '유산영향평가' 도입

•   한경: 요소수 대란에 화물차 파업까지…연말경제 올스톱 우려

•   한경: 정부, 삼성에 SOS…"글로벌 네트워크 활용해 요소수 구해달라"

•   한경: "北, 평산 우라늄 공장 계속 가동"

•   한경: 10년 전만 해도 안 이랬는데…한·중·일 '뒤바뀐 운명'

•   서경(P1): 11일 의료연대·13일 민주노총···위드 코로나에 '보복 집회' 봇물

•   서경(P1): [단독] ‘2030 잡자’ 與, '코인 공제한도’ 5,000만원까지 확대 검토

•   서경: 尹 "납세시차 이용한 세금깡" 김동연 "재정의 1도 모르는 소리"

•   서경: 철강 43%·망간 99%·유연탄 300% 급등···곡소리 커지는 기업들

•   서경: '물가 상승 심리' 더 강해지는데···정부·한은 속수무책

•   서경: “2030년 재생에너지 30% 달성 불가능···원전 비중 높여야”

※   한국경제연구원: 탄소중립 위한 에너지 정책에서 원전 비중 높여야

•   서경: 경총 ESG 위원회 개최...손경식 "탄소중립, 산업현실도 살펴야"

•   조선(P1): ‘탄소중립 함정’에 세계가 빠졌다

•   조선: 사업주 처벌 중대재해법 만들어놓고, 또 건설안전특별법

•   조선: 수도권 아파트 5채중 1채는 15억 넘어… 현금 부자만 살 수 있다

•   조선: 2세 정조준? 국세청, 대기업·중견기업 30곳 세무조사

•   조선: 도심 항공 모빌리티 현대차 美법인 이름 ‘슈퍼널’로 확정

•   조선: [단독]박용만 회장, 두산그룹 모든 직책 내려놓는다

※   2016년부터 맡고 있는 두산경영연구원 회장직에서 물러나기로 결정

•   조선비즈: 정부 “먹는 코로나 치료제, 내년 2월보다 앞당길 것…언제든지 추가 구매 가능”

•   인베스트조선: 정권 말의 산업은행, 수뇌부 대이동 가능성 부각

•   동아(P1): 中수출규제 3주뒤 첫 ‘요소수 회의’ 연 정부

•   동아(P1): 시민들 ‘요소수 자구책’… 통학버스 노선 조정하고 해외 직구도

•   동아: 농가도 비상, 11월 밭갈이 앞두고 트랙터 멈춰

•   동아: 韓조선 1위 탈환… 지난달 세계 선박 52% 수주

•   동아: 한-미 재계 “공급망 재편 과정서 기업기밀 보호해야”

•   한국(P1): 코로나로 2025년까지 '단순노무' 일자리 21만개 사라져

※   KDI: [KDI 현안분석] 코로나 위기가 초래한 고용구조 변화와 향후 전망

•   한국: 서울 중저가는 '보합세', 강남권은 '신고가'...대출 규제의 두 얼굴

•   국민: 대치 미도·여의도 시범… ‘오세훈표 재건축’ 몰리는 공룡 아파트

•   국민: 생존 벼랑에 선 기업들 ‘인소싱’ ‘리쇼어링’으로 탈출구 찾는다

•   국민: 공급망 리스크… “한국 배제 못하게 경쟁력 키워라”

•   국민: 철광석 가격 한풀 꺾이자 이번엔 고철값 ‘고공행진’

•   서울: [단독] 민간업체 보관 요소 3000t 확보…서울시 ‘요소수 스와프’ 추진

•   세계(P1): 중환자수 역대 세 번째… 방역 경고음 커져

•   세계(P1): [단독] 말로는 원전수출 지원… 외교부 관련 지시 3년간 ‘0’

•   세계: 요소수 다음은 마그네슘?… 자동차업계 불안

•   머니투데이(P1): [단독]집값 폭등에 "세금 못 내!" 공시가격 이의신청 2배 급증

•   머니투데이: [단독]"요소수 대란인데 뭘 바꿔"...소부장 전담조직, 1년 더 간다

•   더벨: [단독] '탈원전' 월성 1호기 해체안 한수원 이사회 통과…2034년 12월 완료

•   헤럴드경제(P1): ‘2050 탄소중립’ 외치기만한 文정부

•   파이낸셜뉴스: 내년 8월이 두렵다… 대출 제한에 떠는 고가 전세 세입자들

•   파이낸셜뉴스: 확 식어버린 지방 분양 열기

•   디지털타임스(P1): [文정부 남은 6개월]꼭 해야할 일 `물가 안정·규제 완화·탈원전 폐기`…해선 안될 일 `재정 퍼주기ㆍ탄소중립 상향ㆍ개혁`

•   이데일리(P1): 종부세보다 무서운 양도세.."대선까지 버틴다"

•   이데일리: [줌인]과거 영광 되찾을까…존재감 드러내는 전경련

•   연합: 오후 9시까지 전국서 2천64명 확진…10일 2천400명 안팎 예상

•   연합: 건설기계 탄소중립 방향은…'한국국제건설기계전' 개막

•   뉴스핌: [단독] 한전, LNG발전소 이산화탄소 포집저장 기술 첫 개발

•   e대한경제: [단독]석탄발전 대기오염 저감기술 확보했지만…요소수 대란 ‘무용지물’ 우려

•   비즈니스포스트: 두산중공업 유럽 소형모듈원전 진출하나, 자체 성장동력 마련 가시권

•   에너지경제: 신재생E 현물시장 들여다 보니…"소수 구매자에 판매자 수만명 몰려 쏠림 심화"

•   에너지데일리: “한국, 기후 목표·이행 수준 최하위권 벗어나지 못하고 있다”

•   에너지데일리: 탈석탄 시점 2030년대 인가, 2050년인가 ‘논란’

•   전자신문: 韓·中·日 '암모니아 선박' 기술경쟁 불붙었다

[Opinions]

•   Project Syndicate(Bevis Longstreth, Connor Chung): Finance Must Combat Climate Change – or Else

•   Project Syndicate(Barry Eichengreen): Where America's Fiscal Debate Goes Off the Rails

•   Project Syndicate(Joseph E. Stiglitz): Why Jerome Powell Must Go

•   FT(Editorial Board): Jay Powell should get a second term at the Fed

•   FT(Martin Wolf): Britain’s game of Brexit chicken will end badly

•   FT(Sarah O'Connor): Covid retirees show work-from-home revolution has not benefited everyone

•   FT(Ben Hall): France’s centre-right dances to Zemmour’s immigration tune

•   FT(Robert Armstrong): A warning from Chinese bonds

•   FT(Moyeen Islam): One way to tackle the Bank of England’s communication problem

•   FT(Claire Jones): Less money, fewer problems?

•   FT(Lex): General Electric: Culp cuts a shambling titan down to size

•   WSJ(James Freeman): New Infrastructure Law: Biggest Investment in Climate Until Next Week

•   WSJ(Walter Russell Mead): Xi Jinping Battens Down the Hatches

•   WSJ(Ranjay Gulati): Don’t Let the Infrastructure Bill Become a Boondoggle

•   NYT(Paul Krugman): How Infrastructure Week Finally Happened

•   WP(Paul Waldman): Infrastructure is a liberal plot to make you love big government

•   WP(Lawrence O. Gostin, Dorit Rubinstein Reiss ): Yes, Biden has the power to require vaccines or testing in private businesses

•   Bloomberg(Daniel Moss): Biden Is Deliberating Over Powell or Brainard for Fed Chair. Just Pick One

•   Bloomberg(Brian Chappatta): Fed Ignores a Key Bubble Risk for the Stock Market

•   Bloomberg(John Authers): Gold's Bad Vaccine Year May Contain a Troubling Message

•   Bloomberg(Marcus Ashworth): Sterling Is Down and the Worst May Be Yet to Come

•   Bloomberg(Liam Denning): Energy’s Year Of Recovery? More like Remission.

•   Bloomberg(Brooke Sutherland): GE Finally Slays the Beast That Jack Welch Built

•   Bloomberg(Jonathan Bernstein): Biden Approval-Rating Slump: Blame Virus and Economy

•   Bloomberg(Hal Brands): Brazil's Jair Bolsonaro Puts Latin American Democracy at Risk

•   Bloomberg(Clara Ferreira Marques): Climate Change is Already Happening. We Have to Pay to Adapt to Global Warming.

•   Bloomberg(Richard Cookson): China Looks a Lot Like Japan Did in the 1980s

•   Bloomberg(Jessica Karl): After a Year With Vaccines, Do We Always Need Masks?

•   Fox News(Colin Reed): Biden's awful approval ratings tell us he has completely misread the issues people care about

•   Reuters(John Kemp): Profit-taking hits hedge funds' oil positions

•   Reuters(Clyde Russell): Premium iron ore's outperformance is a bearish signal

•   Nikkei Asia(William Pesek): How Japan's COVID success can spur major economic reform

•   한경(사설): 최대 60% 수익' 농촌 태양광, 난개발 부추기지 않겠나

•   조선(조형래): 수소경제와 ESG 경영의 함정

•   중앙(정재준): 임기 6개월 남은 대통령의 ‘탄소중립 과속’