Business Intelligence Monitor 220301

(Introduction)

[Markets]

•   Global: Stocks fall, ruble dives as Russia sanctions hit world markets

※   Stocks pare deep losses, European banks hit hard

※   Oil up 5%, euro down sharply vs dollar

•   Russia: Russia’s Ruble, Financial Markets Are Hammered by Sanctions

•   Metals: Aluminium spikes to record after Russia sanctions stepped up

•   Iron ore: Iron ore price rises as Russia-Ukraine conflict stokes supply concerns

•   Grains: Corn soars by daily trading limit on Russia-Ukraine supply fears

•   Cryptocurrency: Bitcoin Surges Most Since July Amid Sanction Refuge Speculation

•   한국: 코스피, 러·우크라 협상 기대감에 0.84% 올라…2,690대 회복

•   한국: 원전株 기사회생…文 "원전이 주력" 발언에 강세

•   한국: 현대차 연일 신저가…한때 17만원선 붕괴

[Indicators]

•   US Jan. Goods trade balance: U.S. goods trade deficit hits record high, seen weighing on first-quarter GDP growth

•   US Feb. Dallas Fed manufacturing Index: Texas Factory Production Lost Some Momentum in February

•   Japan Jan. Industrial production: Japan's Jan. industrial output falls 1.3% on month

•   India Q4 GDP: India’s GDP Grew 5.4% in Latest Quarter

※   Economic Times: What the Q3 GDP numbers convey: 10 key takeaways

•   India Jan. Core industry production: Core sector growth slows down to 3.7% in January; restrictions to rein in Omicron cases impacted economic activity

•   India Jan. Fiscal account: Centre's fiscal deficit touches 58.9 pc of full year target at end-January

•   Russia Benchmark rate: Russia doubles interest rates after sanctions send rouble plunging

•   Turkey Q4 GDP: Turkish Economy Beats All G-20 Nations With Double-Digit Growth

•   한국 1월 주택통계: 주택거래 꽁꽁 얼고, 미분양도 쌓여…서민들은 전세 없어 월세로

•   한국 1월 사업체 노동력: 1월 사업체 종사자 50만명 늘었지만, 임시·일용직이 절반… 고용의 질 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

•   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: Ukraine, Russia Fail to Agree on Cease-Fire, as Moscow Shelling Kills Civilians

※   Negotiators make some progress and return to their capitals with plans to meet again in coming days, Russian reinforcements stream in and Ukraine holds Kyiv

•   WSJ: Putin Finds Himself Isolated, Out of Touch as Invasion of Ukraine Sputters

•   WSJ: Behind the Sweeping Russia Sanctions: Zelensky’s Plea and a Mounting Crisis

•   WSJ: U.S. Levies Sanctions Against Russia’s Central Bank

※   Moves aim to prevent Moscow from using emergency reserve currencies to protect economy from Western pressure campaign

•   WSJ: Central Bank Squeeze Lacks Energy to Cripple Russia’s Economy

•   WSJ: Energy Sanctions Are a Weapon Putin Would Understand

•   WSJ: Ukrainians Return Home to Fight Russia: ‘I Have to Go’

•   WSJ: Russia’s Invasion of Ukraine Changed the World in Days

•   WSJ: Russia-Ukraine War Risks Putting Fed in Bigger Bind

•   WSJ: Volunteer Hackers Join Ukraine’s Fight Against Russia

•   WSJ: U.S. Positioned to Withstand Economic Shock From Ukraine Crisis

•   WSJ: Oil Producers Including U.S. Weigh Reserve Releases as War Prompts Rise in Prices

•   WSJ: Young Workers Rake In Biggest Wage Gains in Tight Labor Market

•   WSJ: U.S., Iran Split Over Key Nuclear Issues as Deal Deadline Nears

•   WSJ: Inflation Raises Expenses for Pension Funds

•   WSJ: Bond Market Shakes Off Hefty Swings in Sentiment

•   WSJ: Western Companies Pull Back From Russia in Response to Ukraine Invasion, Sanctions

•   WSJ: Gazprom, Rosneft Shares Tumble, but the Energy Giants Are Putin’s Safety Net

•   WSJ: Citigroup Has Nearly $10 Billion in Total Russian Exposure

•   WSJ: Impacts of Climate Change Now Severe and Widespread, U.N. Panel Says

※   IPCC: Climate Change 2022: Impacts, Adaptation and Vulnerability

•   WSJ: Self-Driving Trucks Start to Propel Land Rush Near Major Cities

•   NYT: Invasion Brings Russia Global Repudiation With Cold War Echoes

•   NYT: The West’s Plan to Isolate Putin: Undermine the Ruble

•   NYT: Pfizer Shot Is Far Less Effective in 5- to 11-Year-Olds Than in Older Kids, New Data Show

•   NYT: Toyota stops production in Japan after a possible cyberattack at a supplier.

•   WP: Biden wanted to use the State of the Union for his agenda. Then Russia started a land war.

•   WP: Putin’s nuclear threats remind us arms control is dangerously unfinished business

•   WP: Biden sending delegation to Taiwan to reaffirm commitment amid Russia’s invasion of Ukraine

•   WP: In Japan and across Asia, an outpouring of support for Ukraine

•   WP: Myanmar’s military has spent the year since the coup searching for international legitimacy. It has not found it.

•   FT: EU freezes assets of Russia’s leading oligarchs and allies of Putin

•   FT: Kharkiv bombardment represents escalation of Russia’s tactics

•   FT: The war in Ukraine and a decoupling world

•   FT: Putin’s war shakes loose the pieces of the international trade order

•   FT: The Ukraine crisis and the weaponisation of finance

•   FT: EU heeds Ukraine’s calls on sending weapons

•   FT: Belarus’s tilt to Russia complicates Europe’s security calculations

•   FT: ECB says Sberbank’s European subsidiaries face failure because of sanctions

•   FT: Swiss break neutrality tradition to match EU sanctions on Russia

•   FT: Spain’s centre-right weakened by internal feud as it battles Vox threat

•   FT: UK ‘working through hit list’ of Russian oligarchs to face sanctions

•   FT: Boris Johnson warns of UK energy price shock

•   FT: Chinese lenders squeeze African borrowers even harder

•   FT: Gulf states’ neutrality on Ukraine reflects deeper Russian ties

•   FT: Turkish opposition presents ‘historic’ pact to defeat Erdogan

•   FT: MSCI and JPMorgan under pressure to axe ‘uninvestable’ Russia from indices

•   FT: How Russia’s attack on Ukraine blindsided investors

•   FT: How ESG investors are responding to Russia’s invasion of Ukraine

•   FT: Shell joins BP and Equinor in pullback from Russia

•   FT: BP and Shell’s Russian exits put pressure on peers to follow suit

•   FT: Technology shifts automakers into high regulatory gear

•   FT: ‘Greenwashing’ warnings accelerate drive for business sustainability standards

•   FT: UK companies feel post-Brexit rules pain

•   FT: Big Tech caught in information war between west and Russia

•   Bloomberg: Global Consumers’ Surprising Resiliency Is Tested Anew by War

•   Bloomberg: Fed’s Bostic Says Half-Point Move Possible If Inflation Persists

•   Bloomberg: Goldman Sachs Sees Fed Hiking More Times in 2023 Amid Inflation

•   Bloomberg: EU Braces for Possible Russian Retaliation on Gas

•   Bloomberg: Europe Plans Push to Cut Dependence on Russian Natural Gas

•   Bloomberg: Germany Brings Forward Goal of 100% Renewable Power to 2035

•   Bloomberg: ECB’s Centeno Can’t Rule Out Stagflation Amid Russian Attack

•   Bloomberg: Delaying Germany’s Nuclear Phase Out Is Easier Said Than Done

•   Bloomberg: Sanctions on Russia Puts Focus on China’s Central Bank

•   Bloomberg: China’s Muddled Ukraine Response Feeds Rare Domestic Debate

•   Bloomberg: China’s Stimulus Fails to Jolt Construction in Blow to Economy

•   Bloomberg: Hong Kong’s Covid Isolation Plan Crumbles as Infections Soar

•   Bloomberg: Turkey to Restrict Transit of Russian Warships Through Straits

•   Bloomberg: Saudi Arabia’s Net Foreign Assets Hit Lowest Level Since 2010

•   Bloomberg: Ukraine Crisis to Test RBI Inflation Goal, Oxford Economics Says

•   Bloomberg: Brazil's Inflation Could Be 5% This Year, Says Economy Minister Guedes

•   Bloomberg: Anyone Selling Russian Assets Faces Few Options

•   Bloomberg: Chaos in Commodities as Russia’s War on Ukraine Upends Trade

•   Bloomberg: Russian Metal Exports Slide as Sanctions Hit Commodity Financing

•   Bloomberg: Gazprom Paves Way to New China Gas Deal as Sanctions Hit Russia

•   Bloomberg: Germany May Extend Coal Use to Replace Russian Gas

•   Bloomberg: Russian Oil Tankers Are Still Loading for the U.S., for Now

•   Bloomberg: Oil Shipping Costs Soar for Key Routes on Russian Invasion

•   Bloomberg: Goldman Says Demand Destruction Only Thing That Can Restrain Oil

•   Bloomberg: Maersk Logistics Chief Sees Bumpy West Coast Labor Process Ahead

•   Bloomberg: Blockchain Is Helping China's Automakers Boost Green Credentials

•   Bloomberg: Cheap South African Solar Projects Face Cost Challenge to Close

•   Reuters: Russia pounds Ukraine's second biggest city as fighting rages on

•   Reuters: EU eyes Ukrainian membership, could be bargaining chip in Russia talks

※   European Union leaders may discuss the possibility of Ukrainian membership at an informal summit in March, a senior EU official said on Monday

•   Reuters: EU plans summit with China on April 1 to address tensions

•   Reuters: Novavax's COVID vaccine shows long-term efficacy in UK trial

•   Reuters: China perseveres with mRNA COVID shot development amid Omicron, commercial uncertainty

•   Reuters: China welcomes investments from global integrated circuit companies

•   Reuters: GM, other automakers suspend some business in Russia following invasion

•   Reuters: Factbox: China's mRNA COVID vaccine candidates

•   Reuters: Analysis: Russia's missiles see mixed results in Ukraine war as world watches

•   Reuters: Analysis: Is WHO's aim to vaccinate 70% of world by June still realistic?

•   Reuters: Analysis: After sanctions barrage, Russia's emerging market allies explore workarounds

•   AP: Analysis: Ukraine war tests growing China-Russia partnership

•   MarketWatch: U.S. daily COVID case numbers return to pre-omicron levels, and New York is set to drop face-mask requirements for students

•   SCMP: Ukraine invasion: China’s global economic ambitions face turbulence over stance on Russian aggression

•   SCMP: China-US relations: Beijing warned ties will worsen further unless it shifts stance on Ukraine

•   SCMP: China says US sanctions over Ukraine should not affect right to trade with Russia

•   SCMP: Traders count on China’s ‘two sessions’ to reverse stock market decline as delegates set to endorse policy loosening to spur growth

•   SCMP: China’s urbanisation push could be at a ‘bottleneck’, with slowest migration growth rate in quarter-century

•   SCMP: Explainer | What is China’s Swift equivalent and could it help Beijing reduce reliance on the US dollar?

•   SCMP: Analysis | China’s fintech ecosystem is the world’s largest, but will Beijing’s tech crackdowns affect the landscape?

•   Global Times: Decoupling 'unrealistic' for China and US, 50 years after Nixon's historic visit

•   Caixin: More Cities Expand Easing Measures to Bolster Housing Market

•   Caixin: Energy Insider: Ukraine War Threatens Shortage of Sailors

•   Caixin: Evergrande Sells Off More Projects to Firms That Promise to Finish Them

•   Nikkei Asia: Japan joins sanctions on Russian central bank

•   Nikkei Asia: Corporate Japan gauges Russia risk as sanctions deepen

•   Nikkei Asia: China's Honor unveils first premium smartphone for global market

•   Nikkei Asia: Vladimir Putin will fail at subduing Ukraine: Francis Fukuyama

•   Mainichi: Japan automakers' 2021 domestic output hits lowest level in 45 years

•   Economic Times: Sales of manufacturing cos grow 27.3 pc in December quarter: RBI data

•   Times of India: Explained: How Russia-Ukraine conflict may impact India's economy

•   OilPrice.com: Boosting U.S. Oil Production "Misdiagnosis": Psaki

•   OilPrice.com: The Crisis In Ukraine Is Weighing On European Steel Markets

•   Construction Equipment: Construction Leasing Forecast ‘Hot’ in 2022: Finance Group

•   Robotics Tomorrow: Self-healing materials for robotics made from 'jelly' and salt

•   Robot Report: Top 10 robotic stories of February 2022

•   매경: "내 주식 배당 늘어나려나"…덩치 키운 사모펀드 주총 입김 세진다

•   매경: IMF위기 때보다 심각한 나라곳간…문 정부, 역대 정권 중 재정적자 최악

•   매경: 올해 곳간 더 빈다…고물가·경기둔화 겹쳐 세수 줄줄이 '빨간불'

•   매경: 포스코, '가상' 수소환원제철소 만든다

•   매경: 독일차 잡아 좋아했는데 인도에는 밀렸다…한국차, 글로벌 톱5

•   매경: 부동산 전문가 긴급점검…"아파트 시장 5월까진 거래절벽 지속될 것"

•   한경(P1): 러시아發 인플레이션 본격화…'산업의 쌀' 나프타값 급등

•   한경: 한화에어로, 가스터빈 소재·부품 국산화 나서

•   한경: LG '전장 드라이브'…유럽차 5G통신 부품 수주

•   한경: '채권단 관리 졸업' 두산중공업, 두산에너빌리티로 社名 바꾼다

•   한경: 약속의 3월?…"증시 본격 반등할 것" 전망 내놓은 증권사들

•   한경: 국민연금 '러시아 국채를 어찌하오리까'

•   서경(P1): 더 꼬인 반도체 공급망…中에 '네온가스 SOS'

•   서경: 네온 공급해오던 러·우크라社 연락두절…재고 바닥에 '발동동'

•   서경(P1): '셧다운' 현실로…내일 골조 공사현장 멈춘다

•   서경: "철근·콘크리트 뿐 아니다'…단가 갈등 확산하나

•   서경: "쿼드가 곧 경제"…韓, 美 주도 안보동맹 소외땐 '통상 부메랑'

•   서경: 묻지마 탈원전에 에너지 위기 韓 …'백지화' 천지·대진 원전 재개해야

•   서경: 명분 없는 수탁위 대표 소송·혼란 부른 원전…미래전략 흔들린다

•   서경: 저가 10채 팔아야 고가 한 채 산다…아파트값 양극화 '역대 최대'

•   조선(P1): 동맹 요청 외면하자… 美, 한국을 규제했다

※   산업부: (참고자료)산업통상자원부, 對러 수출통제 본격 동참

•   조선: 미국 기술 들어간 반도체·스마트폰, 對러 수출 차질 우려

•   조선: 2월 0~3세 영유아 확진 6만명... 한달새 13배 폭증

•   조선비즈: 우크라 전쟁發 인플레, 장기화 조짐…올해 3% 성장 전망 ‘흔들흔들’

•   조선비즈: 전문가들 “우크라 사태로 韓 환율 요동치면 무역적자 심화”

•   조선비즈: [단독] 100대 건설사 90% ‘하도급대금 인상 거부’… 건설현장 셧다운 위기

•   조선비즈: “韓수출기업, 중국 공급망 의존도 46%… 신재생에너지는 71%”

※   수출입은행 해외경제연구소: 수출 기업 해외 공급망 현황 및 영향 조사

•   조선비즈: 대선 이후 코스피는 오를까?…6개월 후 지수 평균 9.3%상승

•   조선비즈: 주차하면 자동 충전, 편의점서 배터리 교체… 전기차·오토바이, 서비스 경쟁

•   인베스트조선: 러시아 스위프트 제재 韓 금융산업 여파는...직접 손실보단 마진 축소 우려

•   동아(P1): 방역패스 오늘부터 중단… 식당-카페 QR 안찍는다

•   동아: 업무 공백 생길까봐… 일부 기업들 “PCR검사 받지말라”

•   동아: 자영업자들 “QR코드 안찍으면 손님 늘지 않겠나”

•   동아: [단독]韓, 러 수입 의존도 20% 넘는 품목 118개… 에너지-수산물 많아

•   한국: 3차 접종률 61%인데... 방역패스 중단으로 동력 상실한 백신 접종

•   서울(P1): “정찰 위성 개발 시험” 北, ICBM 발사 수순

•   세계: KDI “새정부, 남북관계 진전 어려울 것”

•   한겨레(P1): 온실가스 악화 땐 해수면 상승…50년 뒤 부산·인천 5조 손실

•   경향(P1): 식자재비·인건비·배달 수수료 ‘껑충’…밥상·외식물가 직격타

•   더벨: 시노펙스, FPCB 기업으로 턴어라운드 완료

•   파이낸셜뉴스(P1): 보안·성능 혁신… 삼성 노트북도 '퀀텀점프' [MWC2022 개막]

•   파이낸셜뉴스: D램가격 3분기에 오를 전망...낸드플래시는 2분기면 회복[위기감 더 커진 반도체 공급망]

•   파이낸셜뉴스: 소부장 '기술독립' 속도… 핵심품목 日의존도 31%→25%

•   파이낸셜뉴스: 불붙은 중위권 파운드리 경쟁… DB하이텍 증설 나서나

•   아시아경제(P1): [단독]공급망 위기에 다급해진 정부, 국가 자원 DB화 추진

•   아시아경제(P1): [단독] 이재명, 김동연 찾아가 '빅텐트' 논의… 통합정부 구성에 매진

•   아시아경제: 소수점 경쟁률 속출…지방 미분양 곡소리 더 커진다

•   연합: 오후 9시까지 전국서 13만3917명 확진…어제보다 1444명 적어

•   연합: 코로나 장기화에 허리띠 졸라맨 가계…외식·오락 지출 줄였다

•   연합: 올해 주총 시즌 관전 포인트는…배당·여성 사외이사·신사업

•   연합: '광주형 AI-그린 뉴딜' 빛고을 수소연료전지발전소 시운전

•   더구루: [단독] 서부발전, 美 코네티컷 가스발전사업 암초…공급계약 해지

•   더구루: 中 BOE, 2번 접는 디스플레이 개발…삼성·LG 맹추격

•   에너지경제: 文 탈원전 포기? 원자력계 "원전 축소 계획 그대로, 선거용 기만"

[Opinions]

•   Project Syndicate(Simon Johnson): Stop Financing Putin's War

•   Project Syndicate(Katharina Pistor): From Shock Therapy to Putin's War

•   Project Syndicate(Mohamed A. El-Erian): The Fed's Historic Error

•   Project Syndicate(Ana Palacio, et al.): How Europe Can Sustain Russia Sanctions

•   Project Syndicate(Anne O. Krueger): Biden's Frozen Trade Policy

•   Project Syndicate(Kaushik Basu): Protecting the Democratic Dividend

•   FT(Editorial Board): Windfall taxes on energy companies are a bad idea

•   FT(Editorial Board): A watershed moment for Germany

•   FT(Robert Armstrong): Sanctions and markets

•   FT(Ruchir Sharma): The best bet for the 2020s is short tech, long commodities

•   FT(Jonathan Wheatley): Emerging markets recoil from Ukraine war shock

•   FT(Artis Pabriks): Europe must give Ukraine everything it asks for

•   FT(Claire Jones, Joseph Cotterill): Russia’s FX reserves slip from its grasp

•   WSJ(Editorial Board): Ukraine Leads the World

•   WSJ(Editorial Board): Putin Loses Germany

•   WSJ(Editorial Board): The Oligarchs Start to Squeal

•   WSJ(Gerard Baker): As Russia Invades Ukraine, the West May Be Getting Serious

•   WSJ(Stephen Ford): Ukraine Will Never Surrender

•   WSJ(Judy Shelton): War in Ukraine Complicates the Fed’s Inflation Strategy

•   NYT(Gail Collins, Bret Stephens): Putin Is Spinning the Globe Faster and Faster

•   NYT(David Dayen): Larry Summers Shares the Blame for Inflation

•   WP(Henry Olsen): Putin’s invasion has opened Germany’s eyes. Let’s hope Biden sees the need for big changes, too.

•   WP(Greg Sargent): Biden’s harsh new sanctions are aimed at crippling Putin’s defenses

•   WP(Alexander S. Vindman): How NATO and the West can up their game on Ukraine — right now

•   Bloomberg(Bill Dudley): Markets Still Don’t Get How Far the Fed Might Go

•   Bloomberg(Niall Ferguson): Joe Biden Has Only Days to Avoid Becoming Jimmy Carter

•   Bloomberg(David Fickling): Russia Can Turn Food Into a Weapon in Future Crises Like Ukraine Invasion

•   Bloomberg(John Authers): In Ukraine, Market Uncertainty Is the Price for Putin Not Getting What He Wants

•   Bloomberg(Marcus Ashworth, Mark Gilbert): Russia's Pariah Status From Ukraine Will Take Its Financial Toll

•   Bloomberg(Robert Burgess): Market’s Plumbing Bends But Doesn’t Break – Yet

•   Bloomberg(Liam Denning): Shale Companies Say They Can't Drill More. Even When There’s a War?

•   Bloomberg(Hal Brands): Ukraine Crisis: Putin Destroyed 3 Myths of America’s Global Order

•   Bloomberg(James Stavridis): Putin's Strategic Mistakes Are Making Zelenskiy a War Hero

•   Bloomberg(Timothy L. O'Brien): Russian Attack on Ukraine: West Weaponizes Central Bank Against Putin

•   Bloomberg(Lionel Laurent): Putin Had Lots of Friends Among Europe's Elite. Many Have Now Gone Quiet.

•   Bloomberg(Clara Ferreira Marques): Trouble Is Brewing on Putin’s Home Front Over Russia's War in Ukraine

•   Bloomberg(Matt Levine): Russia’s Money Is Gone

•   Bloomberg(Jonathan Levin): Market Whiplash Underscores the Plight of the Federal Reserve

•   Bloomberg(Javier Blas): The Looming Threat of the Oil Weapon Against Russia Over Ukraine

•   Bloomberg(Colum Murphy): China’s Muddled Ukraine Response Feeds Rare Domestic Debate

•   Fox News(Robert Maginnis): Russia-Ukraine war preview of new authoritarian world order

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•   매경(박봉권): 임기말 되니 탈원전 한적 없다고 우기는 정권

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