Business Intelligence Monitor 220202

(Introduction)

[Markets]

•   Global: After bleak January, world stocks start new month adrift

※   World stocks reverse earlier gains

※   U.S. economic data weaker than expected

※   Dollar index falls, euro firms

※   U.S. crude inventories expected to rise in weekly reports

•   US: Bond Market Hints at Calm After Disruptive Selloff

•   Eurozone: German Yields Most Sensitive to ECB Policy Exceed Deposit Rate

•   Natural gas: European Gas Prices Tumble as Russia Boosts Flows Via Ukraine

•   Metals: Copper pushes higher while low inventories boost nickel

•   Grains: Soy to 7-month top as Brazil crop estimates fall; corn, wheat firm

[Indicators]

•   US Dec. Job openings: U.S. Job Openings, Quits Remained Elevated at End of Last Year

※   Private-sector data for January showed early signs of a pullback in demand for workers

※   WSJ: December’s Job Market Showed Resilience in the Face of Omicron

•   US Dec. Construction spending: US construction spending misses expectations in December

•   US Jan. Manufacturing PMI(ISM): U.S. Manufacturing Growth Eases for a Third Straight Month on Covid Surge

※   ISM measure of factory activity is lowest in 14 months

•   Eurozone Dec. Employment: Eurozone jobless rate hits record low of 7% as worker shortages spread

•   Eurozone Jan. Manufacturing PMI(final): Europe’s Factories Send Inflation Warning as France Overshoots

•   Germany Dec. Retail sales: German retail sales slump in December

•   UK Jan. House prices: UK house prices show strongest start to year since 2005

•   Japan Dec. Employment: Japan Job Market Shows Signs of Healing Before Omicron’s Spread

•   India Jan. Manufacturing PMI: India's factory growth slowed to four-month low in January; inflation fears hit confidence

•   한국 1월 무역수지: 1월 수출 553억2천만달러…1월 기준 역대 최고

•   한국 1월 소상공인 체감경기: 1월 소상공인 체감경기 소폭 개선…오미크론 유행 전보다는 부진

[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: Putin Says West Failed to Address His Demands in Ukraine Standoff

※   Russian leader seeks curbs on NATO; Ukraine President Volodymyr Zelensky meets with U.K., Polish prime ministers

•   WSJ: U.S., Allies Wonder if They Can Count on Germany in Russia-Ukraine Crisis

•   WSJ: Russia Confronts Ukraine With Upgraded Military Rebuilt After Soviet Collapse

•   WSJ: Ukraine’s Economy Braces for Impact as War With Russia Looms

•   WSJ: Consumer Pessimism Grows as Inflation Accelerates

•   WSJ: U.S. Covid-19 Hospitalizations Extend Their Fall While Deaths Keep Rising

•   WSJ: Patients Go Without Covid-19 Treatments Amid Drug Shortage

•   WSJ: Pfizer Asks FDA to Authorize Its Covid-19 Vaccine for Young Children

※   Use of the shots among children ages 6 months to under 5 years could gain regulators’ go-ahead in March

•   WSJ: Fed’s Harker Leans Against 50 Basis-Point Rate Hike

•   WSJ: Economist Lisa Cook in Her Own Words

•   WSJ: Covid-19’s Economic Fallout Batters Latin America

•   WSJ: Myanmar’s Junta Leader Said Eat More Meat, but People Are Struggling to Live

•   WSJ: For Markets, the January Selloff Marks the End of the Pandemic

•   WSJ: Private-Equity Debt Boom Could Hinge on Fed Tightening

•   WSJ: Google Set to Cap Blockbuster Year With Sales Gains

•   WSJ: GM, Ford Seen Posting Stout 2021 Profits; Investors Size Up EV Prospects

•   WSJ: Exxon, Chevron Hit Gushers of Cash as Big Oil Companies Lure Back Investors

•   WSJ: U.S. Companies Face More Restrictions After Privacy Ruling Against Google

•   WSJ: FDA Official Says New Rule Could Boost Blockchain-Based Food Tracking

•   WSJ: Microsoft-Activision Deal to Be Reviewed by Federal Trade Commission

•   NYT: A Normal Supply Chain? It’s ‘Unlikely’ in 2022.

•   NYT: Warehouse Space Is the Latest Thing Being Hoarded

•   NYT: U.S. National Debt Tops $30 Trillion as Borrowing Surged Amid Pandemic

•   NYT: Despite Labor Shortages, Workers See Few Gains in Economic Security

•   NYT: U.S. and Allies Close to Reviving Nuclear Deal With Iran, Officials Say

※   A return to a 2015 accord is on the table, but the next decisions are up to the new government in Tehran, the Biden administration says.

•   NYT: The U.S. orders families of its embassy staff in Belarus to leave the country.

•   NYT: With Low-Tech, Trench Warfare, Ukraine’s Army Isn’t NATO Caliber

•   NYT: As the U.S. Pulls Back From the Mideast, China Leans In

•   NYT: Tesla Recalls Cars With Full Self-Driving to Prevent Rolling Stops

•   WP: As Putin heads to Beijing, Russia and China’s stronger ties are a headache for the U.S.

•   FT: Markets signal expectations of at least two ECB rate rises in 2022

※   Traders challenge Christine Lagarde’s insistence bank will not raise borrowing costs this year

•   FT: WTO chief warns of continued bottlenecks in global supply chains

•   FT: How could the west punish Russia if it invades Ukraine?

•   FT: EU wind and solar push not enough to limit global warming as coal use remains stubborn

•   FT: Berlin blocks takeover of chip supplier by Taiwan rival

•   FT: Boris Johnson faces more calls from Tory MPs to resign

•   FT: Johnson prepares to overhaul his Downing Street operation

•   FT: Can the UK avoid a wage-price spiral?

•   FT: Biden’s environmental justice push stalls

•   FT: Closed China: why Xi Jinping is sticking with his zero-Covid policy

•   FT: India ramps up spending to reclaim place as fastest-growing economy

•   FT: High taxes on battery imports undermine India’s renewable energy drive

•   FT: Myanmar businesses defy army nationalisation threat and join strike

•   FT: Resignation of Peronist leader triggers crisis over Argentina’s $44.5bn IMF deal

•   FT: Peru’s prime minister quits in latest blow to leftwing government

•   FT: Gupta brothers secured $2.7bn business from S Africa’s Transnet

•   FT: Majority of planned ETFs in Europe to have ESG tilt, PwC says

•   FT: Big Tech increases funding to US foreign policy think-tanks

•   Bloomberg: Fast-Spreading Omicron Variant Less Likely to Stop Reinfection

•   Bloomberg: From Coast to Coast, Supply Chains Get Off to a Rough Start to 2022

•   Bloomberg: U.S. Dangles Offer to Russia on Missile Checks at Key NATO Bases

•   Bloomberg: Nord Stream 2 Among Sticking Points in Senate Ukraine Debate

•   Bloomberg: U.S. to Share Details on Asia Economic Framework in Coming Weeks

※   Indo-Pacific framework will boost regional ties: trade deputy

•   Bloomberg: Bullard Backs March Liftoff, Second-Quarter Balance-Sheet Shrink

※   St. Louis Fed chief doesn’t favor a 50 basis-point increase

•   Bloomberg: Manchin Praises Biden’s Fed Picks as ‘Extremely Qualified’

•   Bloomberg: A Major Homebuilder Sees No Improvement Coming to the Supply Chain In 2022

•   Bloomberg: Biden’s Electric Vehicle Plan Faces Jam From Cultural Divide

•   Bloomberg: EU Nations Make Last-Ditch Bid to Stop Green Label for Gas

•   Bloomberg: Europe Averts Worst of Winter Energy Crisis Thanks to Weather

•   Bloomberg: Europe’s Renewables Are Crowding Out Gas as Coal Phase-Out Slows

•   Bloomberg: France to Stick to Timetable for Lifting Covid Restrictions

•   Bloomberg: BOE Risks 1.2 Million Jobless With Quicker U.K. Inflation Fight

•   Bloomberg: Russian Media Is Focused More on NATO Than Ukraine This Time

•   Bloomberg: India Raises Tax on Some Imports to Spur Manufacturing

•   Bloomberg: Japan’s Economy Seen at Risk of Shrinking Again Due to Omicron

•   Bloomberg: Argentina Seeks to Reach IMF Staff-Level Agreement Before March

•   Bloomberg: Bridgewater Sees Market Turmoil on ‘Aggressive’ Fed Tightening

•   Bloomberg: Emerging ESG Bond Boom Puts World on Path to Sell $1.8 Trillion

•   Bloomberg: Green Bonds Still Have Long Way to Go to Dent Climate Crisis

•   Bloomberg: Riskiest Corporate Bonds Show Federal Reserve Has Room for Hikes

•   Bloomberg: Worst January Ever for Junk Shows Fed’s Surprise Impact on Bonds

•   Bloomberg: Sharp and Shallow Fed Cycle Is Bet Behind Big Stock Bull Case

•   Bloomberg: U.S. Holds World’s Top LNG Exporter Spot on Europe Energy Crisis

•   Bloomberg: OPEC+ Expected to Ratify Supply Hike While Struggling to Deliver

•   Bloomberg: Supply Chain Squeeze Complicates Europe’s Mobile Mast Rollout

•   Bloomberg: China, Europe EV Sales Reach `Inflection Point’ With Fast Growth

•   Bloomberg: The U.S. Just Took a Step Closer to a Legal Climate Standard

•   Reuters: U.S. trade official says China failed to meet 'Phase 1' commitments

•   Reuters: Many countries yet to see peak in Omicron wave, should ease curbs slowly -WHO

※   Many countries have low levels of vaccination coverage with very vulnerable individuals within their populations

•   Reuters: Omicron subvariant BA.2 likely to have same severity as 'original' -WHO

•   Reuters: A tenth of England's 2022 COVID cases suspected reinfections, data suggests

•   Reuters: Russia's Gazprom says gas exports down 41.3% y/y in January

•   Reuters: Russia reports new record of daily COVID cases

•   Reuters: Myanmar death toll exceeds 1,500 with nearly 8,800 in custody - UN

•   CNBC: House Democrats urge Biden to pass climate change portion of Build Back Better

•   CNBC: Metaverse real estate sales top $500 million, and are projected to double this year

•   CNBC: Charts and history suggest stocks, most commodities may have a strong 2022, says Jim Cramer

•   MarketWatch: As Fed sets stage for March rate hike, stock-market investors face ‘perilous’ backdrop of higher volatility

•   SCMP: China’s property sector downfall creates ‘abnormal phenomenon’ for Beijing’s New Jersey-like commuter hub

•   SCMP: Explainer | China’s hidden debt: how much is it and what is Beijing doing to curb the financial risk?

•   Nikkei Asia: Japan adopts Xinjiang resolution but sidesteps criticism of China

•   Nikkei Asia: Biden looks to visit Japan in May for Quad summit

•   Nikkei Asia: China to launch platform for chipmaking collaboration with Intel, AMD

•   Nikkei Asia: On thin ice: Beijing Olympics reveal cracks in China's zero-COVID policy

•   Economic Times: India's fiscal deficit pegged slightly higher at 6.9% in FY22

•   reNews: Green hydrogen capacity to ‘pass 2GW by end of 2023’

•   Construction Equipment: Komatsu Sales Up 33%

•   Construction Equipment: Infrastructure Dollars Stuck in Congress: Report

•   DIGITIMES: New semiconductor fabs in Japan to go online in 2022-2024

•   MIT News: How Omicron escapes from antibodies

•   Robotics & Automation News: Scientists unveil robotic grippers ‘delicate enough to lift egg yolks and precise enough to lift a human hair’

•   Robotics Tomorrow: Autonomous Navigation – With Millimeter Precision

•   Robot Report: New Yaskawa robots switch between cobot, industrial mode

•   Robot Report: Top 10 robotics stories of January 2022

•   매경(P1): 바이든, 5월후반 방한 검토

•   매경(P1): 이재명, 2일 김동연과 양자토론…라디오·유튜브서 생중계

•   매경(P1): 코로나 확진 하루 1만8343명…2만명 육박

•   매경: "절대로 놓칠 수 없다"…900조원 메타버스 시장 놓고 글로벌 기업 대혈투

•   매경: "韓 게임·엔터·제조업 다 갖춰…'K메타버스'의 시간 온다"

•   조선비즈: [스마트카 시대]③ 생산직 줄고 R&D는 급증… 車 인력 구조 대전환

•   조선비즈: 자생력 키우는 ‘삼성 후자’… 빨라지는 脫삼성전자 기조

•   조선비즈: [세계의 포용금융]② 유럽, 사회적 금융으로 코로나 위기 극복 나선다

•   조선비즈: [기업 죄는 족쇄]③ 경영자 처벌 항목 2200개… “한국서 일하려면 위험 감수해야”

•   연합: 오후 9시까지 전국서 1만5천835명 확진…동시간대 역대 최다

•   연합: 집값 급등·대출부담에…작년 서울 아파트 거래 60㎡ 이하 최대

•   ZDNet Korea: 메타버스 바람 타고 불 붙은 XR 기기 경쟁…구글·애플 가세

•   ZDNet Korea: 日도요타그룹 6사 등 스마트시티 실증 나선다

[Opinions]

•   Project Syndicate(Kenneth Rogoff): The Fed's Wary Embrace of Digital Dollars

•   Project Syndicate(Mohamed A. El-Erian): The Winter of Our Discomfort

•   Project Syndicate(Daniel Gros): How to Reduce Putin's Leverage Over Europe

•   FT(Editorial Board): The great resignation is not going away

•   FT(Martin Wolf): The Fed is too late to remove the punchbowl

•   FT(Robert Armstrong): Bad economic data! Everybody be cool!

•   FT(Claire Jones): Why we’re no longer ‘team transitory’

•   FT(Lex): GlobalWafers/Siltronic: risks to Taiwan fuel chip nationalism

•   WSJ(Editorial Board): Another Covid Relief Bill?

•   WSJ(Judge Glock): Inflation Drives Wages Down, Not Up

•   WSJ(Eran Bendavid): Covid and the ‘Hygiene Hypothesis’

•   WSJ(William R. Rhodes, John Lipsky): Stemming a Sovereign-Debt Crisis

•   NYT(Paul Krugman): Guns, Germs, Bitcoin and the Antisocial Right

•   NYT(Paul Krugman): Can the Fed Let Us Down Easy?

•   WP(Editorial Board): Biden must end this ruinous solar power trade war with China

•   WP(Editorial Board): Putin is trying to wipe out the work of his strongest opponent. He won’t succeed.

•   Bloomberg(Bill Dudley): The Fed Knows What It Needs to Do. Now Comes the Tricky Part.

•   Bloomberg(Andy Mukherjee): India’s Plan for Post-Pandemic Economy Is a Risky Ploy

•   Bloomberg(Jonathan Bernstein): Using Coronavirus Stimulus Funds for Tax Cuts? It's Fine.

•   Bloomberg(Clara Ferreira Marques): Solar Geoengineering Research Is a Risk Worth Taking

•   Bloomberg(Javier Blas): Ukraine Could Result in Two Gas Supply Scenarios for Europe: Bad and Worse

•   Bloomberg(Erin Lowry): How Worried Should I Be About Soaring Inflation?

•   Reuters(Andy Home): Analysts expect scorching base metals rally to cool