Sunday, December 5, 2021

Business Intelligence Monitor 211206

(Introduction)

[Markets]
※   Stocks, bonds yields slide in volatile trade
※   U.S. 10-year yields fall to 1.35%, lowest in 10 weeks
※   Dollar little changed, gold rises more than 1%


[Indicators]
※   Unemployment rate falls to 4.2%; recovery faces new Covid-19 uncertainties
※   ISM’s November index rises to 69.1, exceeds all estimates


[Trackers]
•   Johns Hopkins University: COVID-19 Global Cases & Deaths
•   Worldometer: COVID Live Update
•   Bloomberg: Covid-19 Vaccine Tracker
•   Bloomberg: Global PMI Tracker
•   Bloomberg: The Covid Resilience Ranking


[Calendars]


[News]
※   Study from South Africa suggests the fast-spreading Omicron variant might cause less severe illness than its predecessors
※   Tariffs, ‘Buy American’ policies and lower immigration inflows might add to cost pressures
※   Chinese ride-hailing giant says it plans to pursue a listing in Hong Kong
※   Most of the infected had traveled to southern Africa recently, but health officials are bracing for the inevitable community spread.
※   There were 86 new cases of the Omicron variant, Britain’s health security agency said on Sunday
※   “The Russian plans call for a military offensive against Ukraine as soon as early 2022 with a scale of forces twice what we saw this past spring during Russia’s snap exercise near Ukraine’s borders,”
※   comes ahead of a planned virtual meeting next week between President Biden and Russian President Vladimir Putin.
※   omicron could have greater transmissibility but lower virulence than other variants of the coronavirus
※   Forecast for 2021 reduced to 3.8% from 4.2%, 2022 cut to 2.9%
※   Finance Minister rejects any new lockdown, mandatory vaccines
※   Iran said world powers can’t expect it to stop expanding its nuclear work until they reach an agreement with Tehran on how U.S. sanctions will be lifted from the Islamic Republic’s economy
※   Developer says it will ‘actively engage’ with creditors
※   “There is a suggestion that there is increased transmissibility, what we need to understand is if it’s more or less transmissible compared to delta,” WHO official Maria Van Kerkhove said.
※   Event to take place this week in push to present Chinese system as more effective
•   Construction Equipment: Construction Recovery Slows: Marcum Index
※   저신용자 대출은 총량규제 제외
※   기재부: 2022년 예산 국회 확정


[Opinions]
•   Project Syndicate(Shashi Tharoor,): Global Coal Hypocrisy
•   Project Syndicate(Jeffrey D. Sachs): Time to Overhaul the Global Financial System
•   Project Syndicate(Harold James): Multilateralism's Secret Sauce
•   Project Syndicate(William A. Haseltine,): Buckling Up for Omicron
•   FT(Robert Armstrong): How bad is the US economy?
•   WSJ(Editorial Board): America’s Two-Track Jobs Recovery
•   WSJ(Editorial Board): Pete Buttigieg’s Highway to Green Heaven
•   WSJ(Editorial Board): Build Back Better vs. Small Business
•   WSJ(Editorial Board): Rogues Are on the March Around the World
•   WSJ(Holman W. Jenkins, Jr.): What Spreads Faster Than Covid? Vaccination.
•   WSJ(Kimberley A. Strassel): Biden’s Covid Quagmire
•   WSJ(Allysia Finley): The Vast Promise of mRNA Technology
•   WSJ(Angelique Talmor): Eric Zemmour Is No Donald Trump
•   NYT(Ross Douthat): Biden Can Do Better on Covid
•   Bloomberg(Bloomberg Opinion): Omicron and Delta Pave the Way for a New Super Variant
•   Bloomberg(Niall Ferguson): Omicron Sounds Death Knell for Globalization 2.0
•   Bloomberg(Anjani Trivedi): How China's Car Batteries Conquered the World
•   Bloomberg(Matthew Yglesias): Powell’s Fight Against Inflation Is Already Working

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