Business Intelligence Monitor 211125

(Introduction)

[Markets]

•   Global: Wall Street shares mixed after Fed minutes; U.S. Treasury yields near highs

•   Mexico: Mexico Peso Sinks After Banxico Pick Fuels Meddling Concerns

•   Metals: Copper rises as China supports its property sector

•   Grains: Markets retreat on pre-holiday liquidation, profit-taking

•   한국: 코스피 이틀째 3,000선 밑돌아…기관 순매도

•   한국: 두산그룹주 방향 못 잡아, 두산밥캣 두산퓨얼셀 하락 두산중공업 상승

[Indicators]

•   US Q3 GDP(rev.): U.S. Economic Growth Revised Up to 2.1% in Third Quarter

※   reflecting somewhat stronger personal spending than previously estimated.

•   US Oct. Personal spending·income: U.S. Recovery Accelerates on Spending, Labor Market Growth

※   Personal spending rose 1.3% in October, while income increased 0.5%

※   WSJ: It’s Beginning to Look a Lot Like Christmas—and Like 2019

•   US Oct. Goods trade balance: US trade deficit in goods narrows sharply in October

•   US Oct. Durable goods orders: Big-Ticket Product Orders Fell for Second Straight Month Amid Supply Constraints

•   US Oct. New home sales: Median Price of New Home Sales Hits Record

•   US Weekly Jobless claims: U.S. Jobless Claims Reach 52-Year Low

※   Initial claims for jobless benefits fell last week to 199,000

•   Germany Nov. Ifo business climate: German business morale darkens on supply bottlenecks, COVID wave

•   China Oct. Smartphone shipments: China Oct smartphone shipments up 30.6% y/y, likely driven by iPhone

•   Japan Nov. PMI: Japan's factory activity grows at fastest pace in nearly four years - Flash PMI

•   중국 10월 조강 생산: ·10월 中 조강 생산량 32개월만에 최저… 석탄값도 하락세

•   한국 9월 인구동향: 3분기 출생아 또 역대최소… 인구 23개월째 자연감소

•   한국 10월 무역지수 및 교역조건: 10월 수입금액지수 39% 급등···교역조건 7개월째 악화

[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: OPEC Weighs Shift in Oil Policy After Crude Release

※   Saudis, Russia consider pausing planned production increases after U.S., others release crude to push prices lower

•   WSJ: Fed Officials Debated Inflation Concerns, Taper Pace at November Meeting

※   Fed: Minutes of the Federal Open Market Committee, November 2-3, 2021

•   WSJ: Biden Administration Asks Appeals Court to Reinstate Vaccine-or-Test Mandate for Big Companies

•   WSJ: Israel Warns White House Over Striking Partial Nuclear Deal with Iran

•   WSJ: More Chips Will Be Made in America Amid a Global Spending Surge

•   WSJ: As American Gasoline Prices Soar, Some Blame Ethanol

•   NYT: G.O.P. Fights Covid Mandates, Then Blames Biden as Cases Rise

•   NYT: See Where U.S. Covid Cases and Hospitalizations Are Surging

•   NYT: The Inflation Miscalculation Complicating Biden’s Agenda

•   NYT: How the $4 Trillion Flood of Covid Relief Is Funding the Future

•   NYT: Europe reckons with calls for Covid restrictions to avoid a bleak winter.

※   On Wednesday, Italy announced new restrictions for the unvaccinated

•   NYT: A Claim of Herd Immunity Reignites Debate Over U.K. Covid Policy

•   NYT: Contending With the Pandemic, Wealthy Nations Wage Global Battle for Migrants

•   NYT: How the Clean Energy Revolution Is Driving a Scramble for Congo’s Mines

•   WP: Jury finds all 3 men guilty of murder in Ahmaud Arbery’s death

•   WP: As covid cases rise, Americans weigh how to celebrate Thanksgiving

•   WP: White House creates new energy division to coordinate climate change policies

•   WP: What Democrats need to do to maintain power in 2022

•   WP: Most federal workers comply with vaccine mandate, White House says

•   FT: Scholz to become next German chancellor after clinching coalition deal

※   Social Democrats, Greens and liberals outline the ‘traffic light’ government’s priorities

•   FT: Scholz bridges political differences to become Germany’s heir to Merkel

•   FT: US blacklists Chinese quantum computing companies

※   U.S. Department of Commerce: Commerce Lists Entities Involved in the Support of PRC Military Quantum Computing Applications, Pakistani Nuclear and Missile Proliferation, and Russia’s Military

•   FT: Brussels warns Italy to rein in government spending growth

•   FT: Poland deepens Europe legal fight with ruling against ECHR

•   FT: Concerns raised on tightness of EU FDI rules amid Chinese investments

•   FT: Back to work: why French workers are resisting the Covid ‘Big Quit’

•   FT: UK boosted by third-jab success as infections surge in much of Europe

•   FT: Tidal power funding offers lifeline to marine energy developers

•   FT: More than 30 migrants feared drowned after trying to cross Channel from France

•   FT: Mexico’s president spooks markets with central bank nominee

•   FT: What the lira collapse means for Turkey’s economy

•   FT: Global banks have bet on ‘big bang’ in China but will it pay off?

•   FT: Will tapping the US strategic stockpile lower oil prices?

•   FT: Apple taps Taiwan’s TSMC for key iPhone tech

•   FT: Nuclear fusion: why the race to harness the power of the sun just sped up

•   Bloomberg: Supply Shortages Are Easing in U.S. and Worsening in Europe

※   Bloomberg Economics gauge shows modest improvement in U.S.

※   But in euro area and U.K., conditions are still getting worse

•   Bloomberg: IEA Urges OPEC+ to Relieve ‘Artificial’ Oil-Market Tightness

•   Bloomberg: Fed Officials Entering ‘New Era’ on Overheating, Summers Says

•   Bloomberg: Germany’s New Coalition Unveils Plan to Green Economy Faster

•   Bloomberg: Weidmann Successor at Bundesbank Will Be Chosen by Germany’s SPD

•   Bloomberg: ‘World’s Most Interesting Central Banker’ Sells ECB to Germans

•   Bloomberg: France Resists Economic Pain of Lockdowns as Covid Cases Surge

•   Bloomberg: China Warns It’s Prepared to Sanction More Taiwanese Politicians

•   Bloomberg: China’s Economy Czar Liu He Calls For Stable Housing Market

•   Bloomberg: China Finds 12 Million Children That It Didn’t Know Existed

•   Bloomberg: Flush With Cash, Saudi Prince Snubs Biden and Sends a Message

•   Bloomberg: Brazil’s Central Bank Cautions Against Hiking Rates Too Fast

•   Bloomberg: Iran, UAE Plan to Turn a ‘New Page’ in Relations, Minister Says

•   Bloomberg: Nuclear Inspectors Signal Mounting Alarm Over Iran Access

•   Bloomberg: Faster Russia Inflation Adds to Case for Big Hike as Ruble Drops

•   Bloomberg: Coal India Warns Price Hike Is Inevitable to Combat Higher Costs

•   Bloomberg: Here’s Why U.S. Gasoline Prices at the Pump Aren’t Falling Before Thanksgiving

•   Bloomberg: Oil Traders Pile Into $70-a-Barrel Longer-Term Crude Price

•   Bloomberg: U.S. Pump Prices Are Highest Since 2012 for Thanksgiving: Chart

•   Bloomberg: Supply Chains Hit by 7-Week China Port Quarantine for Shipping Crew

•   Reuters: U.S. invites Taiwan to its democracy summit; China angered

※   There are 110 participants on the State Department's invitation list for the virtual event on Dec. 9 and 10

•   Reuters: COVID cases break records in Europe, prompting booster shot expansion

※   Prospect of mandatory vaccinations raises concerns

•   Reuters: COVID will continue to spread as people mix and travel - WHO

•   Reuters: Biden offers 'unwavering support' for Ukraine amid Russia crisis

•   Reuters: Fed's Daly says she is open to accelerating pace of bond taper

•   Reuters: ECB's Holzmann says likely pandemic purchases will be put on ice in March

•   Reuters: In Russia-Ukraine faceoff, both sides stage combat drills

•   Reuters: China says it will introduce new measures to stabilise trade in due course

•   Reuters: Analysis: Free-falling lira puts Turkey in balance of payments danger

•   Reuters: Analysis: Surging dollar awakens volatility in currency markets

•   AP: EXPLAINER: Is Russia going to invade Ukraine?

•   CNN: China's disappearing ships: The latest headache for the global supply chain

•   CNBC: Biden will have to be patient with inflation

•   CNBC: The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner

•   CNBC: How the $1.75 trillion Build Back Better plan could impact Americans’ taxes

•   CNBC: China shows no signs of abandoning its zero-Covid strategy anytime soon, says Jefferies

•   SCMP: China to join oil reserve release ‘based on its own needs’ after US, UK, Japan, South Korea and India commit

•   SCMP: Major Chinese cities cut land auction prices by up to 20 per cent to lure cash-strapped developers amid market gloom

•   SCMP: China plots economic recovery path, technological innovation a ‘matter of survival’ for Beijing

•   Global Times: Summit for democracy an 'anti-China ideological clique'; US definitation of 'authoritarianism' outdated

•   Global Times: China to cut heavy metal emissions by 5% in cautious, tough plan

•   Nikkei Asia: Japan PM confirms oil reserve sales in reply to U.S. request

•   Nikkei Asia: Japan and Vietnam share concerns over China at summit

•   Nikkei Asia: Green hydrogen: Asahi Kasei eyes 2025 debut for huge production tech

•   Nikkei Asia: Key Toshiba shareholder objects to three-way breakup

•   Nikkei Asia: Apple taps TSMC to build custom iPhone 5G modem in 2023

•   TASS: Almost all oil produced in Russia will be hard to recover in a decade — official

•   OilPrice.com: Steel Prices Remain Elevated As Production Slides

•   MINING.com: Scientists improve technique for conversion of CO2 emissions into fuel feedstock

•   MINING.com: Peru says miners can request extension of operations

•   Construction Equipment: Caterpillar to Test Large Hydrogen Fuel Cells

•   Robotics & Automation News: Miso Robotics unveils ‘faster, more customizable’ burger-flipping robot

•   매경(P1): 토지 종부세액도 16% 늘었다…종부세 납세자 102만명

•   매경(P1): "첨단기술 투자? 稅부담에 엄두 못내"

•   매경: 文정부 법인세 부담 역대 최대…상승폭도 최고치

•   매경: 韓 조세경쟁력 OECD 36개국 중 24위

•   매경(P1): 미국 20조원 투자 확정 짓고 귀국한 이재용의 첫마디

•   매경: "2030년 시스템 반도체 세계 1위"…이재용 목표대로 투자단행한 삼성

•   매경: 네이버 '아크버스' 첫선…현실과 가상 잇는다

•   매경: "한국 주식 싸다"…외국인 이달 들어 3조원 순매수

•   매경: 상가 텅텅 빈 명동 건물주들 종부세에 울상…"정부가 차라리 사달라"

•   매경: 현대건설, 美서 '소형 모듈 원자로' 사업 확대

•   한경(P1): "미국으로 눈 돌리니 수익률이 70%"…올해 주식투자 서학개미 승리

•   한경: 올해 코스피 IPO 공모액 17조원 넘어 역대 최대

•   한경: 내년 실질 GDP 증가율 2.9%…산업硏, 민간소비 3.2% 증가

※   산업연구원:"2022년 경제산업전망"

•   한경: 부산항 '컨테이너 산성'…더 쌓을 곳이 없다

•   한경: 화물연대 "25일부터 1차 총파업"…전국 주요항만 물류차질 불가피

•   한경: "두산重·대한전선·펄어비스…연말엔 대형 주도주 담아라"

•   서경(P1): [단독] 재건축 '하세월'···서울 절반이 20년 이상 노후 아파트

•   서경(P1): [단독] 벤처 창업자 경영권 보호 길 열렸다··· ‘복수의결권법’ 상임위 소위 통과

•   서경(P1): "12개국서 청정수소 조달··· 에너지 자급률 60%까지 높일것"

•   서경: [에너지 전략포럼] 박기영 산업부 차관 "탄소중립 투자 대세···韓에 위기이자 기회"

•   서경: [에너지전략포럼] 박주헌 교수"비싼 재생에너지 보완 위해 원전 비중 30%까지 늘려야"

•   서경: [에너지 전략 포럼] 박종배 교수 "재생에너지 변동성 완화···ESS 등 백업시스템 구축 필요"

•   서경: [에너지 전략포럼] 정동희 전력거래소 이사장 "2050년 탄소중립, 도전적 과제···민간·공공 역할 분담 필수"

•   서경: 中 감산에 반사익···韓 철강 사상 최대 실적

•   서경: "D램값 139일 만에 반등"···'8만전자' 조준

•   조선(P1): 빅5 병원 중환자병상 20개밖에 안 남았다

•   조선: 접종률 80%에도… 집단면역은 환상이었다

•   조선: 정부, 거리두기 U턴 할까말까 고민… 전문가 “부스터샷 확대가 먼저”

•   조선: 송년회 대신 신년회… 연말모임 줄줄이 취소

•   조선비즈: 文대통령 “LNG 발전, 석탄보다 온실가스 배출 적어…친환경 에너지”

•   조선비즈: 中 전력난에 LCD 생산 감소로 가격 반등 조짐… 삼성·LG 수익성 개선 기대

•   조선비즈: 이번엔 실사 기간 연장… 에디슨모터스, 쌍용차 인수 ‘험난’

•   조선비즈: “해상풍력 ‘수주바람’ 분다”... 기업들 생산능력 확충에 ‘올인’

•   인베스트조선: 이재용 방미 효과 삼성전자, 종합반도체기업(IDM) 강점 부각될까

•   동아(P1): 대졸 앞둔 20대 “국민연금, 손해뻔한 투자상품” vs 연금 수령 앞둔 50대 “이만큼 안전한 노후대책 없어”

•   동아: 새만금 태양광 전력 내달 첫 생산

•   동아: 내년 4월 청계천에 ‘자율주행버스’ 달린다

•   한국: 보조금 받아야 하는데…전기차 업계, 가격 인하 고민 중

•   경향(P1): 국내 30대 그룹, 최근 3년간 ‘ESG 성적표’ 보니…주주환원·환경개선 확대, 신규고용·사회공헌 축소

※   전경련: 전경련 K-ESG 팩트북 2021

•   머니투데이(P1): '0%대 금리'시대 끝…내일 기준금리 0.75%→1% 인상 확실시

•   머니투데이(P1): TSMC 비켜! 깃발 올린 삼성…'앞으로 9년' 파운드리 판도 흔들린다

•   머니투데이: 삼성·SK·LG…잇따르는 해외 투자, 국내 'U턴' 묘안 없나

•   헤럴드경제(P1): 노형욱 “종부세→전월세가격 상승, 과장 얘기”

•   아시아경제(P1): 비료원료 3배 상승…애그플레이션 온다

•   아시아경제: 지주사들 올해 주가 성적표 보니...‘두산’이 우등생

•   디지털타임스(P1): [기획] 바짝 다가온 `원자재발 인플레` 공포

•   디지털타임스: 바닷물에서 수소 직접 생산 기술개발

•   디지털타임스: 해수전지 활용 수소 저장·생산

•   이데일리(P1): [단독]5대銀 대출여력 13조...신용·주담대 숨통트나

•   연합: 오후 9시까지 전국서 3천35명 확진…25일 4천명 아래 예상

•   연합: 38노스 "북한 영변 5MW 원자로 가동 흔적 추가 포착"

•   뉴스1: [단독]드론택시법 내년 입법…교통관리사업자·자격증 체계 만든다

•   더구루: [단독] 화웨이, 파운드리 사업 진출 추진…美 제재 돌파구

•   에너지경제: [단독] 신규석탄발전 남은 4기도 준공 강행---전력생산 참여 결정

•   에너지경제: 풍력도 RPS 고정가격계약으로 판다…비용정산 시점 변경은 백지화

•   에너지경제: 발전공기업,너도나도 LNG 시설 확충…가스요금 인상·좌초 자산화 등 부작용 우려

•   에너지데일리: “‘한국형 녹색분류체계’ 이대로는 안 된다”

•   전자신문: 中, 전기차 배터리 에너지 밀도 30% 상향

•   디지털데일리: 삼성전자·LG전자, 원자재 가격 인상 ‘타격’…4분기는?

[Opinions]

•   Project Syndicate(Nouriel Roubini, Brunello Rosa): Why Italy's Presidential Election Matters

•   Project Syndicate(Melvyn B. Krauss-): The New Franco-Italian Alliance in Europe

•   Project Syndicate(Johan Rockström, Tobias Raffel): Green Business After COP26

•   Project Syndicate(Angela Huyue Zhang): China's Tech Regulators Strike Again

•   FT(Editorial Board): Joe Biden cannot ignore the political cost of rising energy prices

•   FT(Gillian Tett): The US and China are already at war. But which kind?

•   FT(Tony Barber): A political experiment takes shape under Scholz in Germany

•   FT(Paul McNamara): Turkey’s lira plunge is a reminder of risks facing emerging markets

•   FT(Lex): Hydrogen: price transparency will help fuel a green revolution

•   WSJ(Editorial Board): Strategic Political Oil Reserve

•   WSJ(Holman W. Jenkins, Jr.): After COP26, Electric Vehicles Galore!

•   NYT(Binyamin Appelbaum): Trump Wanted to Punish China. We’re Still Paying for It.

•   WP(Editorial Board): President Biden’s oil-price two-step won’t lower your gas prices

•   WP(Paul Waldman): The job market is humming. But Biden has a larger economic task before him.

•   WP(Charles Lane): Powell’s next term could include the biggest test for central banking since Volcker

•   WP(Vladimir Kara-Murza): A congressional proposal reveals the Kremlin’s Achilles’ heel

•   Bloomberg(Editorial Board): Antitrust Bills Miss the Point: Big Tech Isn't a Monopoly

•   Bloomberg(Mervyn King): Central Banks Should Abandon the King Canute Theory of Inflation

•   Bloomberg(John Authers): Momentum Was a Thing in the 19th Century Stock Market, Too

•   Bloomberg(Anjani Trivedi): What Will It Take to Make an EV? Ask Rivian and Ford

•   Bloomberg(Andreas Kluth): Olaf Scholz Has His Coalition Government Just in Time for Germany's Covid Surge

•   Bloomberg(Lionel Laurent): Europe's Harsh Covid Restrictions Are Coming Back. They Don't Have To Stay

•   CNN(Reuven Avi-Yonah): This tax would make wealthy corporations pay their fair share

•   MarketWatch(Therese Poletti): We have been promised the 'metaverse' for decades, but it is still not a sure thing

•   Fox News(Brian Brenberg): Biden's biggest economic liability is his credibility

•   중앙(김방현): 박정희·문재인 대통령과 탄소중립