Business Intelligence Monitor 220218

(Introduction)

[Markets]

•   Global: Gold jumps, stocks slide on Ukraine tensions mount

※   U.S. says war appears imminent in Ukraine

※   Oil prices weaken on Iran nuclear deal talks

※   Gold hits eight-month high, trades above $1,900

※   Stocks slide as investor unease widens

•   US: Treasuries Gain on Haven Demand That Pulls 10-Year Below 2%

•   Metals: Copper falls as Russia-Ukraine tensions rise

•   Grains: Wheat futures firm as Russia-Ukraine tensions rise

•   Cryptocurrency: Bitcoin Falls Below $41,000 as Russia-Ukraine Tensions Weigh

•   한국: 코스피 0.53% 상승 마감…우크라이나 공격 보도에 '출렁'

[Indicators]

•   US Jan. Housing starts: U.S. Housing Starts Drop 4.1% in First Decline in Four Months

※   New construction falls 4.1%, suggesting impact from omicron

•   US Jan. Construction backlog : Construction Backlog and Contractor Confidence Both Slide Lower in January

•   US Weekly Jobless claims: U.S. Jobless Claims Edge Up but Remain Low in Tight Labor Market

•   Europe Jan. Car registrations: Europe Car Sales Again Head Lower as Chip Woes Bite

•   Japan Dec. Machinery orders: Japan's Dec. machinery orders rise 3.6% on month

•   Japan Jan. Balance of trade: Japan trade deficit hits 8-year high as commodity imports soar

•   India Jan. Employment: India sees dip in Jan unemployment rate as 6.6 million people moved out of the labour market: CMIE

•   Turkey Benchmark rate: Turkey Holds Rates as Ukraine Crisis Looms Over Its Economy

•   Philippines Benchmark rate: Philippines Holds Rate While Hinting at Policy Normalization

•   Argentina Benchmark rate: Argentina’s Central Bank Raises Its Key Rate to 42.5%

•   한국 12월 및 연간 재정수지: 작년 재정적자 30조원대…총지출 '역대 최대' 600조원

•   한국 12월 통화 및 유동성: 400조 '유동성 파티'…계산서가 날아온다

•   한국 주간 아파트 가격(부동산원): 서울 강남구 아파트값 1년 3개월 만에 하락

[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: Blinken Sees Moment of Peril in Ukraine, Challenges Russia to Commit That It Won’t Invade

※   President Biden warned the threat of a Russian invasion of Ukraine was “very high”

•   WSJ: After Early Foreign Policy Missteps, Biden’s Ukraine Strategy Leans on Diplomacy

•   WSJ: Shelling Escalates Along Front Line Separating Ukraine and Pro-Russia Separatists

※   Western governments say Moscow continues to mass troops on Ukraine’s borders

•   WSJ: How Well Could Russia’s Economy Withstand Sanctions?

•   WSJ: Covid-19 Death Reports in U.S. Begin to Drop as Omicron Surge Fades

※   Northeast, Midwest show declines while deaths remain high in California

•   WSJ: Why Republicans Stalled Raskin’s Bid for Top Fed Post: Climate Views, Business Ties

•   WSJ: Inflation Should Moderate in Coming Months, White House Economist Says

•   WSJ: Judge Orders Trump to Testify in New York Civil-Fraud Probe

•   WSJ: Mortgage Rates Close In on 4%, Making Home Affordability Tougher

•   WSJ: If Russia Hurts Wall Street, Don’t Expect Fed Help

•   WSJ: Tesla Tells Federal Judge That SEC Is Harassing Elon Musk and the Company

•   WSJ: Americans Are Emerging From the Pandemic Ready to Splurge on Events and Travel

•   WSJ: Indian Tax Authorities Raid China’s Huawei, Triggering Protest From Beijing

•   NYT: After 30 Years of Peace, Ukraine Crisis Shakes Europeans

•   NYT: On Ukraine Crisis, Biden Seeks to Show His Mettle

•   NYT: Could Wages and Prices Spiral Upward in America?

•   NYT: Will Adults Need a Fourth Dose of Covid Vaccine? It’s Too Soon to Know.

•   NYT: Iran Nuclear Deal Inches Toward Revival but Faces Critics in U.S.

•   NYT: Emerging Asia’s Central Banks Are Running Out of Room to Wait

•   NYT: South Korea, a Virus Success Story, Now Finds Its Model Unsustainable

•   WP: How joining NATO and the E.U. became Ukraine’s unattainable dream

•   WP: In San Francisco and elsewhere, Democrats fight Democrats over where they stand

•   FT: Europe seeks to reboot relationship with Africa

•   FT: Russia creeps up on EU leaders’ summit with African counterparts

•   FT: ECB chief economist shifts inflation stance to signal policy ‘normalisation’

•   FT: An upcoming UK investment bonanza

•   FT: Can Jay Powell build consensus at a divided Federal Reserve?

•   FT: US faces a ‘time crunch’ to reach Biden’s offshore wind target

•   FT: Beijing Winter Olympics costs spiral as China spends to project rising status

•   FT: Climate ETF on brink of failure months after UN summit launch

•   FT: Wind groups wrestle with ‘perfect storm’ of supply woes and rising material costs

•   FT: Fossil fuel and agriculture handouts climb to $1.8tn a year, study says

•   FT: RWE raises earnings forecast as energy crisis boosts power prices

•   Bloomberg: Europe Moves to Shield Economy From Possible Russia Sanctions

※   Germany, Italy among nations seeking to avoid sanction fallout

•   Bloomberg: Mask Requirements, Covid Tests Mark Biden’s State of the Union

•   Bloomberg: Bullard Says Fed May Need to Raise Rates Above 2% to Curb Prices

※   The Fed official again urges 100 basis points in hikes by July

•   Bloomberg: Yellen Calls for New World Bank Fund to Fight Future Pandemics

•   Bloomberg: Manchin’s ‘No Decision’ Stand Keeps Doubts Swirling on Fed Slate

•   Bloomberg: Great Resignation Increased in Eight U.S. States in December

•   Bloomberg: Fed Blog Blames Fed for Risky Debt’s Enormous Resurgence

※   FRBNY: The Making of Fallen Angels—and What QE and Credit Rating Agencies Have to Do with It

•   Bloomberg: Democrats’ Muscle-Flexing on Inflation Meets No-Easy-Fix Reality

•   Bloomberg: IMF Warns Europe That Supply Snarls May Drag Into 2023, Test ECB

※   IMF: Supply Bottlenecks: Where, Why, How Much, and What Next?

•   Bloomberg: Economists Wonder: Is the ECB About to Make a Policy Error?

•   Bloomberg: ECB Mustn’t Overreact to High Near-Term Inflation, Chief Economist Lane Warns

•   Bloomberg: ECB Shouldn’t ‘Overreact’ in Path to Normalization, De Cos Says

•   Bloomberg: European Power Prices Could Spike in Spring Amid Nuclear Woes

•   Bloomberg: Merck’s Covid Antiviral Pill to Be Discussed by EMA Next Week

•   Bloomberg: EU Eyes Bolstering Carbon Market Transparency as Prices Surge

•   Bloomberg: Chinese Graduates Opt for Gig Work as Job Outlook Worsens

•   Bloomberg: Truckers Defy Trudeau's Crackdown as Canada Prepares to Freeze Assets

•   Bloomberg: India Unveils Hydrogen Plan to Speed Shift From Fossil Fuels

•   Bloomberg: Dovish RBI Inflation View Pushes Back India Tightening Calls

•   Bloomberg: Indonesia Warns Ukraine Tensions Will Disrupt Recovery

•   Bloomberg: How China Beat Out the U.S. to Dominate South America

•   Bloomberg: Russia-Ukraine Tensions Spur Bets the U.S. Can Outperform Europe

•   Bloomberg: Hawkish Fed Tanks Demand at Inflation-Protected Treasury Auction

•   Bloomberg: Fed Traders Have Dialed Back Bets on a Supersized March Hike

•   Bloomberg: Volcker-Style Fed Shock Needed to Deflate Assets, Pozsar Says

•   Bloomberg: Yuan’s Global Popularity Keeps Rising With Usage at Record High

•   Bloomberg: Oil Rally Pauses as Curve Shows One of the Tightest Markets Ever

•   Bloomberg: EU Plans Strategic Gas Storage Push to Avoid Crisis Next Winter

•   Bloomberg: German Hydrogen Startup Raises $227 Million for Green Projects

•   Reuters: G20 finance chiefs say inflation, geopolitical risks threaten recovery -draft communique

•   Reuters: Russia expels No. 2 American official in Moscow, U.S. weighs response

•   Reuters: Russia, Belarus to end drills as planned - officials

•   Reuters: Moderna eyes COVID booster by August, not clear yet if Omicron-specific needed

•   Reuters: Moderna patent application raises fears for Africa COVID vaccine hub

•   Reuters: U.S. has 'no intention' to engage with China on Indo Pacific Economic Framework

•   Reuters: Fed's Mester: rates should rise faster than after Great Recession

•   Reuters: EXCLUSIVE Biden to seek more than $770 billion in 2023 defense budget, sources say

•   Reuters: Exclusive: Iran nuclear deal draft puts prisoners, enrichment, cash first, oil comes later - diplomats

※   First phase includes Iran suspending enrichment above 5%

•   Reuters: China warns its local governments don’t be overambitious in carrying out ‘common prosperity’ drive

•   Reuters: VW CEO sees widespread autonomous driving within 25 years

•   Reuters: Analysis: Putin makes inroads in pressure campaign against West, Ukraine

•   Reuters: Analysis: Erdogan's plan to steer Turkish economy out of winter of crisis

•   AP: Estimated 73% of US now immune to omicron: Is that enough?

•   AP: EXPLAINER: Russia-backed rebels a thorn in Ukraine’s side

•   CNN: Do supply chains hold the key to reducing inflation?

•   CNBC: Why the U.S. government plans to spend billions to keep money-losing nuclear plants open

•   CNBC: ‘Pathetic’ performance has left U.S. ‘well behind’ China in 5G race, ex-Google CEO Eric Schmidt says

•   SCMP: China-EU relations: Xi, Macron phone call ‘will help ease friction’ that stalled investment deal

•   SCMP: China vows closer ties with France, as EU relations remain strained over Lithuania’s Taiwan moves

•   SCMP: China’s zero-Covid policy under review as economic pressure mounts, chief epidemiologist says

•   SCMP: Why China is standing firm on zero-Covid, and will it work for Hong Kong?

•   SCMP: Coronavirus: why Xi Jinping’s message to Hong Kong wasn’t relayed to mainland China

•   SCMP: China warns its local governments don’t be overambitious in carrying out ‘common prosperity’ drive

•   SCMP: US housing market still ‘very appealing’ for Chinese buyers, with purchases tipped to surge in 2022

•   SCMP: China’s CPTPP trade-pact aspirations bring vows for reform as Beijing reaches out to members

•   SCMP: As robot dogs take to the streets of China, could they ever replicate the companionship of man’s best friend?

•   Caixin: China’s Reliance on Foreign Oil Declines for First Time in 20 Years

•   Nikkei Asia: On Ukraine, Japan's Kishida urges Putin toward diplomatic solution

•   Nikkei Asia: JPMorgan, Toshiba, Ciena find way to protect blockchain with quantum network

•   Nikkei Asia: Nissan to invest $500m to make new EV models at Mississippi plant

•   Nikkei Asia: Chip talent war: Taiwan faces critical staffing shortage

•   Nikkei Asia: Japan to kick-start artificial photosynthesis R&D

•   Mainichi: Japan cuts economic view for Feb. as Omicron rages on

•   reNews: Solar 'to add record 200GW' in 2022

•   reNews: China drives 'record' offshore wind growth in 2021

•   OilPrice.com: Russia Is Ready To Send More Gas To Italy

•   For Construction Pros: Komatsu Intelligent Machine Control 2.0 Now Automates Mid- to Large-size Excavators

•   DIGITIMES: NAND flash controller supply remains tight

•   Hannover Messe News: Climate neutrality is transforming industrial value chains

•   Robotics Tomorrow: Using Technology to Combat the Skilled Labor Shortage

•   매경(P1): 강북 간 이재명 "새집 공급"…강남 간 윤석열 "세금 완화"

•   매경(P1): 票퓰리즘에 거덜나는 나라 곳간…올 재정적자 100조원 넘어갈 판

•   매경: 돈풀기 중독에 무역적자까지…대선후 국가신인도 '부메랑' 걱정

•   매경: 4년 뒤 국가부채비율 증가폭…한국, 18%P 뛰어 'OECD 1위'

•   매경: 자식보다 효도한다는 국민연금…65세 이상 절반은 못 받아

•   매경: [단독] "신재생에너지 의무량 50% 폭증"…한전 적자 커진다

•   매경: LG·롯데, 에너지저장시스템 생태계 넓힌다

•   매경: 중대재해처벌법 때문에 건설·철강, 규제 최악 우려

•   매경: "3억 빠진 급매 나와도 썰렁"…송파 헬리오시티 올들어 1건 거래

•   한경(P1): "누가 대통령 돼도 규제 푼다"…노후 아파트들 '들썩'

•   한경(P1): ESG목표 세운 中企, 대출금리 깎아준다

•   한경: 인플레에 놀란 각국, 돈줄 죄는데…'퍼주기 추경' 돈 더 푸는 정부

•   한경: 로봇·모빌리티…LG, 6G기술 선점 나섰다

•   서경(P1): 수주 7년來 최저…재건축發 공급난 온다

•   서경: 목동 재건축만 풀어도 최대 4만가구…"결국 규제완화가 해법"

•   서경: 4년간 안전진단 문턱 확 높아져…서울 3곳중 2곳, 첫 관문부터 탈락

•   서경: 강남 넘어 전국으로…억대 부담금도 재건축 발목

•   서경: 1000% 성과급 받았는데…연봉 더 올려달라는 삼성·LG 노조

•   서경: 물가상승·대선 맞물려…"임금 인상" 거센 노동계

•   서경: 공급망 기여 외투기업에 투자액의 50%까지 현금지원

•   서경: 삼성전자, MWC 2022 초대장 발송… '갤럭시북2' 공개

•   조선비즈: 삼성전기, FC-BGA 1조 투자 속도…베트남 정부 승인

•   조선비즈: 요소수 사태 잊었나…산업·외교부, ‘공급망 기획단’ 놓고 밥그릇 싸움

•   조선비즈: “음식 배달론 돈 안돼” 서빙로봇 사업 키우는 배민

•   동아(P1): [단독]내일부터 밤10시까지 영업 허용…6명 모임은 유지

•   동아: 코로나 사망자 일주일새 1.8배로 늘어…또 의료대란 빨간불

•   동아: SK에코플랜트 “탄소 배출 없이 수소생산 성공”

※   블룸에너지, 블룸SK퓨얼셀(SK에코플랜트와 블룸에너지의 합작사)과 경북 구미에 위치한 블룸SK퓨얼셀 제조공장에 130kW 규모 SOEC 설비를 구축

•   국민: 중부고속도로 옆에 연료전지 발전소

•   서울: ‘16조+α’ 추경 샅바싸움 지속… 민주당, 단독처리 카드 꺼냈다

•   머니투데이: [단독]삼성 준법위 '지배구조 개편' 이재용 의견 듣는다...만남 정례화 추진

•   머니투데이: 환경부·산업부도 밀어주는데…전기차 '스마트 충전기' 왜 설치 못하나

•   파이낸셜뉴스: 증권가 삼성전자 '잇단 러브콜'

•   파이낸셜뉴스: "빚투 안해" 달라진 동학개미… 조정장에도 관망세 뚜렷

•   아시아경제(P1): 자율차 핵심기술 표준도 못 정한 韓

•   아시아경제: 2024년 이후에야 단일 표준화…미래車 기술개발 줄줄이 늦어져

•   디지털타임스: [유럽발 탄소세 고지서] APG, 韓 기업 10곳에 "탄소 줄여라"… 新무역장벽 `발등의 불`

•   디지털타임스: [유럽발 탄소세 고지서] "탄소제로, 원자력 없인 불가능"

•   디지털타임스: [유럽발 탄소세 고지서] 재생에너지 전환 속도는 내는데...기업간 `그린격차` 심화 어쩌나

•   이데일리(P1): 정부의 오락가락 방역 조치…기업·사회 인력공백 키운다

•   이데일리: 전자부품 생산 中企 "인력 부족에 재택 꿈도 못 꿔… 불안 떨며 출근"

•   이데일리: 5대은행 가계대출 다시 증가…주담대 줄고, 신용대출 늘고

•   이데일리: "믿었던 우리사주 너마저"…반대매매 위기에 직원들 '끙끙'

•   연합: 신규확진 10만명 돌파…오늘 새 거리두기 발표, '6인-10시' 유력

•   더구루: 佛 "원전 수주하면…체코, 프랑스 발전시장 진출 보장"…한수원 예의주시

•   비즈니스포스트: 두산퓨얼셀 주가 상승 전망, "연료전지 제품 늘리고 중국시장 개척"

•   에너지경제: [탄소중립과 무역경쟁 세미나] "글로벌 탄소국경조정제로 혼란 올 것…대책 마련 시급"

•   에너지경제: 조환익 전 한전 사장, 풍력발전 전문기업 유니슨 회장 맡았다

•   에너지경제: 재생에너지 확대 ‘비상’…ESS 보급 속도 10분의 1로 둔화

•   에너지경제: "정부 독점 정책·시장·규제 등 삼권 분리해야 탄소중립·에너지신산업 육성"

•   에너지경제: 한전기술, 두산중공업과 무탄소 발전산업 개발 추진

•   에너지데일리: “탈석탄 하겠다던 국민연금, 석탄 투자 오히려 늘어났다”

•   에너지데일리: "석탄발전, 2013년 7기 신규 허가 이후 현 정부 신규 인·허가 없다"

•   전자신문: 효성중공업, 中 상하이전기 윈드파워와 풍력터빈 합작공장 세운다

※   10MW급 터빈 年 50대 생산 전망

[Opinions]

•   Project Syndicate(반기문, et al.): How to Make the Pandemic History

•   Project Syndicate(Ana Palacio): Has Putin Reversed Nixon?

•   Project Syndicate(Michael J. Boskin): Biden's Misery Index

•   Project Syndicate(Ngaire Woods): Taming the Truckers

•   FT(Editorial Board): Central banks face a set of hard choices

•   FT(Gordon Brown): Finance ministers must add Covid burden-sharing to their G20 to do list

•   FT(David Gardner): Pragmatism changes the dialogue in the Middle East

•   FT(Matthew C Klein): Are the US GDP data missing a capital spending boom?

•   WSJ(Editorial Board): Don’t Forget Putin’s Domestic Critics

•   WSJ(James Freeman): The Biden Economists Who Don’t Buy the Biden Inflation Message

•   WSJ(Graham Allison, Eric Schmidt): China’s 5G Soars Over America’s

•   NYT(Steven Rattner): Biden Keeps Blaming the Supply Chain for Inflation. That’s Dishonest.

•   WP(Editorial Board): With war looming in Europe, a pause to clarify the stakes — and the responsibility

•   WP(Editorial Board): As he threatens Ukraine, Putin fights a second battle at home

•   WP(Jennifer Rubin): Ukraine is at the precipice of war. This is Biden’s moment to lead the world against autocracy.

•   WP(Jennifer Rubin): Biden is winning the war against covid. Is anyone noticing?

•   WP(Josh Rogin): The West and Ukraine must get on the same page in Munich

•   WP(Govind Persad, Alyssa Burgart, Emily Largent): Why the FDA was wrong to delay authorization of vaccines for kids under 5

•   WP(Sebastian Mallaby): Biden’s Fed choice is wrong about climate policy

•   Bloomberg(Mark Gongloff): The Housing Boom’s Mortgage Rate Threat Is Worse Than It Seems

•   Bloomberg(Bill Dudley): U.S. Treasury's Golden Fed Goose Is About to Get Cooked

•   Bloomberg(David Fickling): How China’s Covid-Zero Policy and Indian Weddings Are Giving a Polish to Gold

•   Bloomberg(Conor Sen): Housing Market Dysfunction Worsens With Higher Mortgage Rates

•   Bloomberg(John Authers): Fed Hawks Are Flexing Their Inflation Talons; Dramatic Rate Hike Isn't Ruled Out

•   Bloomberg(Lisa Jarvis): New Covid Pills Are Needed as Much as Ever

•   Bloomberg(Javier Blas, Marcus Ashworth): Oil: The Reason Central Banks Keep Getting Inflation Wrong

•   Bloomberg(Alexis Leondis): Buy Now, Pay Later? You Might Regret It.

•   CNN(Erik Lundh): Why inflation is about to peak

•   MarketWatch(Yurii Romashko): The U.S. could help financially strapped Ukraine by scrapping hidden surcharges on its IMF loan

•   Fox News(Chris Stewart): This is Biden's last chance to deter Putin in Ukraine

•   Caixin(Ye Xiang): Can the Yuan-Dollar Exchange Rate Reach 5?

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