Business Intelligence Monitor 211217

(Introduction)

[Markets]

•   Global: World shares mixed as investors mull cenbank moves

※   Brent above $75, US Crude settles up 2%

※   Dollar falls, euro, sterling rise on central bank announcements

※   Sterling, UK bank shares leap as BOE hikes rates

•   Metals: Zinc soars as power crunch forces Nyrstar to idle French plant

•   Iron ore: Iron ore price up on hopes of recovering steel production in China

•   Grains: Soybeans hit 3-week top as soyoil climbs; wheat, corn end higher

•   한국: 코스피 사흘만에 3,000선 회복…FOMC 불확실성 걷혀

•   한국: 연초보다 '5분의1 토막' 거래···연말랠리 변수 되나

•   한국: 두산그룹주 혼조, 두산퓨얼셀 두산 오르고 두산중공업 내려

[Indicators]

•   US·Europe Nov. PMI: Covid-19 Surge Slows U.S., European Recovery, but Supply Problems Ease

※   American business activity continued to expand but at the slowest pace in three months despite strong demand from customers

•   US Nov. Industrial production: Factory Output in U.S. Increases at Solid Pace in Broad Advance

•   US Nov. Housing starts: U.S. Housing Starts Rise More Than Forecast to Eight-Month High

※   Report reflected strong gains in one-family homes, apartments

•   US Dec. Philadelphia Fed manufacturing Index: Philly Fed manufacturing index slides in December amid elevated inflation

•   US Weekly Jobless claims: Jobless Claims Rose Last Week But Remained Near Decades-Low

•   Eurozone Benchmark rate: ECB to exit pandemic QE programme as inflation soars

※   Central bank will boost other bond-buying scheme next year to avoid ‘brutal transition’

※   ECB: Monetary policy decisions

•   Eurozone Oct. Balance of trade: Euro zone trade surplus smaller than expected in Oct

•   UK Benchmark rate: Bank of England raises key interest rate to 0.25%

※   BoE: Bank Rate increased to 0.25% - December 2021

※   FT: BoE seeks to prove it is in the ‘price stability business’

•   Japan Nov. Balance of trade: Gains in Japanese Exports Widen as Key Car Shipments Bounce Back

•   India Nov. Consumer sentiment: Consumer sentiment still below pre-Covid levels: CMIE

•   Indonesia Benchmark rate: Bank Indonesia Holds Rate Steady to Shield Rupiah From Outflows

•   Mexico Benchmark rate: Mexico’s central bank raises interest rates as country battles inflation

•   Turkey Benchmark rate: Turkey’s Currency Crisis Escalates After Central Bank Again Cuts Rates

•   Philippines Benchmark rate: Philippines Central Bank Stands Pat as Inflation Moderates

•   Argentina Q3 GDP: Argentina’s Economy Posts Strong Third Quarter Rebound

•   한국 2020년 건설업조사: 코로나에 꺾인 ‘건설 호황’… 임시·일용직 4만명 직격탄

•   한국 2021년 가계금융복지조사 결과: 집 때문에… 자산도 빚도 늘었다

•   한국 주간 아파트 가격(부동산원): 경기 화성·동두천 집값 하락 전환

[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

•   FT: Inflation tracker: the latest figures as countries grapple with rising prices

•   CNN: Tracking America's recovery

•   Bloomberg: Global PMI Tracker

•   Bloomberg: The Covid Resilience Ranking

[News]

•   WSJ: CDC Advisers Recommend Adults Get Pfizer, Moderna Covid-19 Vaccines Over Johnson & Johnson’s

※   The rate of cases of a rare blood-clotting condition associated with the J&J shot is higher than initially thought, resulting in nine deaths

•   WSJ: Kamala Harris Says She and Biden Haven’t Discussed Running for Re-Election in 2024

※   ‘I don’t think about it, nor have we talked about it,’ she said in an interview, noting it’s their first year in office amid a pandemic

•   WSJ: Dashing Fed’s Hopes, Low Unemployment Becomes an Inflation Threat

•   WSJ: For the Fed, 2021 Was a Year for ‘Recalibrating’

•   WSJ: Omicron’s Surge Is Changing the Rules of Travel

•   WSJ: U.S. Faces Pressure to Sanction Myanmar’s Lucrative Energy Industry

•   WSJ: Risk for Markets Isn’t Higher Interest Rates, but Lower Employment Goals

•   WSJ: Electric-Truck Startup Rivian Plans $5 Billion Gerogia Factory Complex

•   NYT: Congress Passes Ban on Goods From China’s Xinjiang Region Over Forced Labor Concerns

※   President Biden is expected to sign the bill, which drew a fierce corporate lobbying campaign against it.

•   NYT: Manchin Is Expected to Reject Democratic Plan to Ban New Offshore Drilling

•   NYT: Green-Energy Race Draws an American Underdog to Bolivia’s Lithium

•   NYT: The World Economic Forum in Davos is still happening, for now.

•   WP: How omicron is changing the rules of the covid-19 pandemic

•   WP: Biden’s spending bill could be delayed into 2022 amid Senate inaction

※   Lawmakers had hoped to reach deal by Christmas, but they have been unable to resolve all of their differences and broker a deal with Manchin.

•   WP: China’s Academy of Military Medical Sciences, 11 other institutes added to U.S. entity list

※   in response to concerns about Beijing’s use of emerging technologies such as biometrics and brain-control weapons

•   WP: ‘Last on the rung’: Africa deals with fallout from a ‘Made in the USA’ supply chain crisis

•   FT: WHO and EMA could approve Novavax Covid vaccine next week

•   FT: EU to work with allies on possible Russia sanctions over Ukraine

※   Measures in event of invasion could include limiting access to Swift financial network

•   FT: EU leaders battle over carbon price as energy costs soar

•   FT: Italy general strike poses test for Draghi’s premiership

•   FT: UK hospitals brace for Omicron wave as daily cases hit fresh record

※   UK coronavirus cases hit a record high for the second day in a row on Thursday, with more than 88,000 people testing positive

•   FT: France to block entry to UK tourists as Omicron surges

•   FT: The bumpy road to Global Britain

•   FT: Signs of UK-EU regulatory divergence emerge

•   FT: Fed’s ‘pivot is complete’ in the face of inflationary pressures

•   FT: US accuses China of developing ‘brain control weaponry’

•   FT: Chinese creditors sue Evergrande for claims totalling $13bn

•   FT: Taiwan opposition clings on for political relevance as voters shun Beijing

•   FT: The fight for the future of Chile

•   FT: Turkey raises minimum wage by 50% to help workers hit by soaring inflation

•   FT: Brazil expels IMF office over growth forecasts

•   FT: Climate change: opportunities and risks for investors

•   FT: Shale companies are swimming in cash

•   FT: ‘Silicon Saxony’ aims to be EU chipmaking hub

•   Bloomberg: U.S. Steps Up Action Against China Over Surveillance of Uyghur Muslims

•   Bloomberg: Pfizer Covid Pill Can Be Used to Treat Adults, EU Regulator Says

•   Bloomberg: Europe Faces Dire Winter as Nuclear Outages Deepen Energy Crunch

•   Bloomberg: Europe Power Prices Surge to Record on French Nuclear Halts

•   Bloomberg: China Banking Regulator in Talks With Developer Shimao, Trusts on Loan Extension

•   Bloomberg: Evergrande Told to Prioritize Paying Workers and Suppliers, Protect Homebuyers

•   Bloomberg: Brazil Central Bank’s Job Gets Harder as Neutral Rate Rises

•   Bloomberg: U.S. Fears Inflation More Than Europe, With Recovery in Balance

•   Bloomberg: German Borrowing to Stay Close to Record to Fund Pandemic Aid

•   Bloomberg: China Ramps Up Iran Oil Purchases After Getting New Quotas

•   Bloomberg: Year in Review Charts: Electric Cars, Sustainable Debt, Climate Tech, Renewables

•   Reuters: AstraZeneca antibody cocktail works against Omicron in study

•   Reuters: Iran nuclear talks due to pause on Friday, diplomats say

•   Reuters: Omicron delivers another uncertain holiday season to pandemic-weary Americans

•   Reuters: Biden warns Omicron spreading and unvaccinated at risk this winter

•   Reuters: Nord Stream 2 won't go live in first half of 2022, German regulator warns

•   Reuters: EU sets tariffs on Chinese steel wind towers

•   Reuters: German construction sector expects recovery in sales in 2022

•   Reuters: EXCLUSIVE WTO chief says vaccine answer close, but facing effort to block it

•   Reuters: Analysis: Jabs for jobs: U.S. vaccine mandates offer bargaining chip for worker rights

•   Reuters: Analysis: Fed's pivot raises investor question: When does QT start?

•   AP: Vaccine skeptics in Eastern Europe having change of heart

•   CNN: The housing market isn't slowing down anytime soon

•   CNBC: Biden signs debt ceiling increase, preventing first-ever U.S. default

•   CNBC: Fauci says omicron will soon become dominant Covid variant in U.S., urges people to get vaccines and boosters

※   “And with omicron breathing down our back, things could get really bad, particularly for the unvaccinated.”

•   CNBC: Omicron symptoms could seem like a cold — but don’t underestimate this variant, experts warn

※   Experts are warning that the strain could be easily mistaken for a mild, everyday illness.

•   CNBC: Apple delays return to office indefinitely

•   CNBC: In the end, all hydrogen needs to be green': CEO of energy giant RWE

•   MarketWatch: $1 trillion in U.S. ETF inflows next year? Here’s what’s in store for funds in 2022, according to the experts

•   MarketWatch: These 10 ‘hidden gem’ housing markets are poised for major growth in 2022, Realtors predict

•   SCMP: Exclusive | China-EU annual summit ‘pushed back until next year’ as trade and human rights disputes fester

※   Sources say tit-for-tat sanctions over Xinjiang and the ‘death’ of an investment deal mean there is little room for the two sides to make progress in key areas

•   SCMP: Coronavirus: Chinese manufacturing hub Dongguan reports more new local cases

•   SCMP: China extends economic support for key small firms, aims to ‘deliver real results’

•   SCMP: Xi Jinping says China will ‘exhaust all means’ to lure global talent, despite push for tech self-sufficiency

•   SCMP: China’s WTO membership reshaped the country and global supply chains, but progress belies a future rife with uncertainty

•   Caixin: Cobalt Prices Hit Three-Year High as Covid Forces Factory Closures

•   Nikkei Asia: Japan's Kishida says he doesn't plan to visit Beijing Olympics

•   Nikkei Asia: Intel CEO warns chip shortage to last until 2023 as demand soars

•   Equipment World: Bobcat Reimagines the UTV with Its New UW53, UW56 Toolcats

•   For Construction Pros: Commercial Construction Recovery Stalls in Q4 as Contractors Struggle to Find Workers, Materials

•   DIGITIMES: IC shortage may take 2 years to sort out, says Pegatron chairman

•   DIGITIMES: TSMC once turned down Japan fab proposal, says report

•   DIGITIMES: iPhone sales decelerating in China

•   Robot Report: October 2021 robotics investments and acquisitions

•   매경(P1): 대법 "명절상여금도 통상임금"…현대重 노조 '6천억원대 승소'

•   매경: 기업에 가혹한 판결…'신의칙' 내세워 통상임금 거부 어려워졌다

•   매경: 재계 "신의칙 정의 모호…산업현장 혼란 지속"

•   매경: 회사 사정 따라 갈린 통상임금 소송…기아 노조 승소, 쌍용차·GM은 패소

•   매경(P1): [단독] 최재원, SK온 대표로 8년만에 경영복귀

•   매경: [단독] 윤여철·하언태·이광국 물러난다

•   매경: 이주열 "금리 정상화" 강조…내년 1분기 인상에 한발 더

•   매경: 정부 "금융시장 변동성 확대땐 선제대응"

•   매경: [단독] 오미크론 '단독 검출 키트' 국내 첫 개발

•   매경: 진화하는 현대차 로봇…비탈길도 끄떡없네

•   매경: "한국 국민소득에 추월당한다"…일본 싱크탱크 2027년 예측

•   한경(P1): 7622명 vs 159명…한국·일본 방역 '4가지'가 갈랐다

•   한경(P1): 삼성전자 차량용 반도체, 글로벌 전기차업체 공급

•   한경: 공공부채 1200조 첫 돌파…GDP의 66%까지 치솟아

•   한경: "2천만원도 없다" vs "5억 넘어"…2030 부의 격차 커졌다

•   한경: 韓·美 통화스와프 연장 없이 연내 종료

•   서경(P1): [단독] ESG 공시법안 난립···기업은 고달프다

•   서경: 가이드라인 없는데 자문비만 1억···'레몬마켓' 된 ESG 컨설팅

•   서경: 국제사회도 ESG법제화 신중론

•   서경: 中企 "ESG 전담부서 꿈도 못꿔"···대기업과 같은 잣대로 평가 무리

•   서경: 이재용·정의선·구광모 '3각 동맹'···반도체·배터리·OLED 연합전선 펼친다

•   서경: 삼성, 모더나와 기술교류···파운드리·로봇까지 전방위 협업

•   서경: 삼성, 위기땐 기업인수 통해 신사업 진출...20조규모 M&A 나설듯

•   서경: 연말에도 성장동력 강화 위한 M&A는 꺼지지 않는다

•   서경: 이산화탄소 자원화로 탄소중립 실현···현대ENG, 기술실증 돌입

•   조선(P1): 잠실 1억7000만원, 마포 2억2000만원 ‘뚝’...찬바람 부는 부동산

•   조선: 靑 “부동산정책 근간 흔들지마라” 李 “지도부와 상의한것”

•   조선: 尹 “한수원에 노동이사 있었다면 탈원전 안따랐을 것”

•   조선: 산업부 ‘원전은 친환경’ 의견, 환경부가 묵살

•   조선: 두달동안 안터진 아이폰 13, 스리슬쩍 고친 애플

•   조선: 당일배송 경쟁에… 물류창고값, 아파트값 육박

•   조선: 최대 9500조원인 ‘이 시장’에 안 올라타면..미래는 없다

•   조선: 더블이냐 버블이냐, NFT를 둘러싼 엇갈린 시선

•   조선비즈: 김동연, ‘새로운물결’ 19일 창당 “아래로부터의 반란 보여줄 것”

•   조선비즈: 애플, TSMC 3㎚ 개발 연기되자… 내년 아이폰14에 4㎚ 공정 적용

•   조선비즈: “구글·애플 잡는다” 앱마켓 갤럭시스토어 키우는 삼성

•   조선비즈: 9500조원 규모 ‘이 시장’에 안 올라타면 미래는 없다 - 조선일보

•   동아(P1): 정은경 “지금 안 멈추면 내달 확진 2만명”

※   국무조정실: [보도자료] 코로나19 중대본회의(12.16)

•   동아: 고깃집 사장 “연말 단체예약 50건 넘게 취소… 더 버틸 힘이 없다”

•   동아: “확진 2000명대 떨어지려면 6주는 걸릴것”

•   동아: ‘인원제한 손실’ 11만개 업체 내년 2월 보상받을 듯

•   동아: 영화관-PC방 밤10시까지… 동창회-상견례 4명만 가능

•   동아: 미접종자 혼밥만 가능… 주말 결혼 예비부부도 날벼락

•   동아: 1년 채우고 하루 더 일해야 이듬해 몫 연차수당 받는다

•   서울: 부실징후기업, 코로나 전보다 21% 줄어… 대출 상환 유예 등 유동성 지원 착시 우려

•   세계: ‘재택근무’ 기업 75% “코로나 끝나도 지속”

•   한겨레: 제주 태양광·풍력발전 등 신재생에너지 보급 목표 낮춰야

•   머니투데이(P1): [단독]SK하이닉스 인텔낸드 인수 8부능선 넘었다…'중국 승인' 가닥

•   디지털타임스: 악재 산더미인데… 홍남기 "내년 3%대 성장률 가능"

•   디지털타임스: "세계 원자력 온통 SMR 얘기뿐… 미국도 석탄발전소 SMR로 전환"

•   디지털타임스: M&A 좌초위기에 노사갈등 발목… `엎친데 덮친` 현대重

•   연합: 오후 9시까지 전국서 5천901명 확진…17일 7천명 안팎 예상

•   뉴스웨이: [단독]경영권 이전한 두산건설, 두산 CI·BI 그대로 쓴다

•   에너지경제: [팩트체크] 英 맨체스터 사례로 보니…"산업구조 전환 탄소중립, 불가능하지 않지만 속도가 문제"

•   에너지경제: 내년 초 에너지 공기업 총출동 탄소중립 방안 논의 협의체 출범

•   에너지데일리: “한국, 향후 3∼4년간 세계 전기차 배터리 시장 주도한다”

•   전자신문: 정지훈 교수 "메타버스가 향후 20년 이끈다"

•   디지털데일리: 5G 장비 국산화 첫걸음 뗐다…“5G+ 시장 선점해야”

[Opinions]

•   Project Syndicate(Shlomo Ben-Ami): Tolerating a Nuclear Iran

•   Project Syndicate(Willem H. Buiter): Water As an Asset Class Is Here

•   Project Syndicate(Diane Coyle): GDP's Days Are Numbered

•   Project Syndicate(Alberto Mingardi): Italy's Consumer-Blind Trustbusting

•   FT(Robert Armstrong): The Fed still thinks inflation is transitory

•   FT(Claire Jones): BoE: are we credible now?

•   FT(Lex): Inflation: markets underestimate longevity of price rises

•   WSJ(Editorial Board): Hawkish Fed Talk, Dovish Action

•   WSJ(Editorial Board): The Xi-Putin Entente Rises

•   WSJ(Editorial Board): Biden Raises the Ethanol Gas Tax

•   WSJ(Editorial Board): The Chinese Economy’s Tough Transition

•   WSJ(Joseph C. Sternberg): Xi Jinping Doesn’t Know What to Do After Popping a Real-Estate Bubble

•   WSJ(Andy Puzder): John Kerry’s Financial Crusade Against Oil and Gas

•   WSJ(Jay Clayton): America’s Future Depends on the Blockchain

•   NYT(Paul Krugman): The Year of Inflation Infamy

•   WP(Lawrence H. Summers): The Fed’s words still don’t measure up to the challenge of inflation

•   Bloomberg(Editorial Board): The U.S. Needs to Make Trade More of a Priority in Asia

•   Bloomberg(Mohamed A. El-Erian): Federal Reserve Makes a Welcome Pivot But Has More to Do

•   Bloomberg(John Authers): Powell's Inflation Move Winks at Markets With a ‘Ted Lasso’ Moment

•   Bloomberg(Marcus Ashworth): Europe and the ECB Stick to Their Dovish Ways as the Fed and BOE Turn Hawkish

•   Bloomberg(Marcus Ashworth): Better Late Than Never for the Bank of England

•   Bloomberg(Jonathan Bernstein): Is Joe Biden Making a Comeback? Possibly.

•   Bloomberg(Ramesh Ponnuru): Can Trump Win in 2024?

•   Bloomberg(Bobby Ghosh): Turkey’s Erdogan Clings to Low Rates Despite Inflation Spiral

•   CNN(Vincent Clerc): Shipping CEO: The best solution to global supply chain chaos

•   MarketWatch(Rex Nutting): The Fed's big surprise: All those inflation doves have suddenly become hawks

•   Fox News(Newt Gingrich): Biden's America faces devastating defeat by communist China

•   Reuters(Andy Home): Europe's green deal needs to get round anti-mining roadblock