Business Intelligence Monitor 220316

(Introduction)

[Markets]

•   Global: Wall Street stocks rally, oil prices fall ahead of Fed meeting

※   Fed meeting in focus, rate rise expected

※   Major Wall Street indexes advanced

※   Brent crude futures settle below $100 per barrel

※   Benchmark 10-year yields move towards two-year highs

※   Dollar index falls

•   China: Chinese Stocks Sink Further as Challenges Mount

•   China: China Bond Yields Climb as PBOC Skips Rate Cut, Economy Improves

•   Oil: China Covid-19 Lockdowns Rattle Oil Markets, Add to Uncertainty

•   Natural gas: Europe Gas Prices Inch Higher With Russian Supply Risk in Focus

•   Metals: Industrial metals slip on China COVID surge

•   Iron ore: Iron ore price drops as covid-19 outbreaks in China dim growth outlook

•   Grains: Wheat climbs on Russian export suspension, U.S. drought

•   한국: FOMC 긴축 우려 등에 코스피 사흘째 하락…2,620대 마감

•   한국: 내리막 멈추고 '반등 날개' 편 수소株

[Indicators]

•   US Feb. PPI: Producer Price Increases Leveled Off in February

※   New Covid-19 lockdowns in China and higher energy and commodity prices related to the Ukraine crisis could add to price pressures

•   US Mar. Empire State manufacturing index: New York manufacturing activity declines in March, Empire State

•   Eurozone Jan. Industrial production: Euro zone industry output flat in sluggish start to 2022

•   Germany Mar. ZEW economic sentiment: The war in Ukraine is raising fears of a recession in Germany.

•   UK Jan. Employment: U.K. Unemployment Drops Below Pre-Covid Level for First Time

•   China Jan-Feb. Industrial production, etc.: China’s Factories, Consumers Make High-Speed Start to Year

※   Covid lockdowns and war in Ukraine threaten to slow growth

•   Indonesia Feb. Balance of trade: Indonesia's Trade Surplus Widened in February as Commodity Exports Rose

•   Argentina Feb. CPI: Argentina’s Inflation Quickens More Than Expected in New Challenge

•   한국 3월 소상공인시장 경기동향 조사: 소상공인-전통시장 경기전망 밝아졌다

•   한국 2월 주택가격(부동산원): 서울 주택 매매·전셋값 하락 전환…지난달 월세만 나홀로 상승 지속

[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: Russia Bombards Kyiv as European Leaders Arrive in Ukraine’s Capital

※   Kyiv’s mayor imposes a 36-hour curfew, and officials from Poland, the Czech Republic and Slovenia plan to meet with Ukraine’s Zelensky

•   WSJ: Ukraine War Could Severely Hurt Global Growth and Oil Demand, OPEC Says

※   Cartel holds off revising its forecasts for oil demand, supply and global economic growth due to the fast-changing situation in Ukraine

※   OPEC: MOMR March 2022

•   WSJ: Ukraine War Stokes Insecurity in the World’s Food Supply

•   WSJ: Fed Wrestles With the Challenge of How Quickly to Raise Interest Rates

•   WSJ: Sarah Bloom Raskin Withdraws as Biden’s Pick for Top Fed Banking Regulator

•   WSJ: Half of Americans Doubt Biden Will Run in 2024, WSJ Poll Shows

※   The president says he is planning for another campaign; some fellow Democrats worry about his age and energy level

•   WSJ: Rollback of Xi Jinping’s Economic Campaign Exposes Cracks in His Power

•   WSJ: China Changes Covid-19 Playbook Amid Concerns of Widening Lockdowns

•   WSJ: Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales

•   WSJ: Russia Softens Iran Demands, Re-Opening Way for Nuclear Deal

※   Diplomats say Russia will accept narrower guarantees protecting its nuclear projects with Iran from Ukraine-related sanctions

•   WSJ: Bond Markets Forecast Long Financial Freeze for Russia

•   NYT: Dollars or Rubles? Russian Debt Payments Are Due, and Uncertain.

※   Citing sanctions, the Russian government warned it might pay foreign debt obligations in rubles. Credit rating agencies say a default is imminent.

•   NYT: Global Economy Sinks Deeper Into Turmoil as Fed Prepares to Raise Rates

•   NYT: Ukraine War Shifts the Agenda in Congress, Empowering the Center

•   NYT: Biden will travel to Europe next week for an extraordinary NATO meeting.

•   NYT: India says it’s in talks with Russia about increasing oil imports.

•   NYT: As Virus Data Mounts, the J.&J. Vaccine Holds Its Own

•   WP: Ukraine’s Zelensky asks European leaders to do more but admits NATO membership is not in the cards

•   WP: The truth about gas prices and oil production

•   WP: Pfizer and BioNTech to seek authorization of second coronavirus booster shot for people 65 and older

•   FT: Ukraine war will deliver a ‘severe’ hit to EU growth, Brussels warns

※   Concerns for bloc’s economy come as German investors report record fall in confidence

•   FT: Roman Abramovich and other oligarchs hit with new EU and UK sanctions

※   More names added to Russian asset freeze and travel ban list as US targets 11 military leaders

※   European Commission: Ukraine: EU agrees fourth package of restrictive measures against Russia

•   FT: China warns of retaliation if hit by Russia sanctions fallout

※   Beijing slams what it calls US efforts to spread disinformation and ‘distort and smear’ its position on Ukraine

•   FT: China risks ‘losing the west’ over Ukraine

•   FT: What to expect as Russia warns of historic debt default

•   FT: Our analysis of BP’s energy outlook

※   BP: BP Energy Outlook - 2022 edition

•   FT: Germany’s biggest power supplier warns against axing Russian imports

•   FT: Chechen ‘wild card’ Ramzan Kadyrov joins Russian war effort

•   FT: Build wind farms to cut UK reliance on Russian gas imports, says renewables chief

•   FT: Stronger UK public finances set to increase pressure on Rishi Sunak

•   FT: US unprepared for future rise in Covid cases, warns White House

•   FT: The Soviet pipeline that keeps Europe hooked on Moscow’s oil

•   FT: VW to consider expansion outside Europe if Ukraine war continues

•   FT: Intel pours €30bn into chip manufacturing in Europe

•   FT: Will ‘open-source’ vaccines narrow the inequality gap exposed by Covid?

•   Bloomberg: World Economy Faces Supply Hit as China Battles Covid Again

•   Bloomberg: Russia to ‘Default’ If Dollar Coupons Paid in Rubles, Fitch Says

•   Bloomberg: Shenzhen Lockdown Leaves U.S. Ports Bracing for Fallout

•   Bloomberg: From Beer to Semiconductors, War Will Hit U.S. State Economies

•   Bloomberg: ECB’s De Cos Flags War’s Downside Risk to Prices in Medium Term

•   Bloomberg: ECB Sees Economic Spillover Risks for Banks From Russia Turmoil

•   Bloomberg: European Nations Endorse Plan to Impose Carbon Imports Levy

•   Bloomberg: EU Leaders Plan Action to Refill Gas Stores Before Next Winter

•   Bloomberg: Europe’s Rush to Shield Economies Quickens With Action in Iberia

•   Bloomberg: Runaway Inflation Flashes Recession Warning on Euro Zone’s Edge

•   Bloomberg: China’s Goal With Putin Is to Resist U.S. Without Economic Pain

•   Bloomberg: China’s Covid Crackdown Sees Trucking Operations Hit by Delays

•   Bloomberg: India Rate-Setters Say Inflation Outlook Overtaken by War

•   Bloomberg: Weaker Yen Likely to Prompt BOJ Message Shift, Ex-Official Says

•   Bloomberg: Latin America’s Central Banks Still Prove More Hawkish Than Fed

•   Bloomberg: Taiwan’s Covid Zero Strategy Quashes Latest Omicron Outbreak

•   Bloomberg: Russia Can Still Profit From Oil’s Gains Even as Sanctions Bite

•   Bloomberg: Iran Revives LNG Export Plan as World Scrambles for Natural Gas

•   Bloomberg: Caterpillar Quietly Uses Russia as Shipping Route After Pullback

•   Bloomberg: How China Plans to Win the Future of Renewable Energy

•   Bloomberg: Electric Cars Will Be Pulled in Different Directions by War

•   Bloomberg: Nuke Restart Debate Reignites in Japan as Fuel Prices Surge

•   Reuters: Gazprom says gas exports outside ex-Soviet Union down 28.5% year over year so far in 2022

•   Reuters: Explainer: Can Russia pay its creditors, and what happens if not?

•   Reuters: Analysis: With Raskin out, Biden may pick a moderate for Fed regulatory job

•   Reuters: Analysis: BoE's Bailey heads into tough third year with criticisms ringing

•   Reuters: Analysis: Investors see risks spiking, fear market-wide liquidity crunch

•   AP: EXPLAINER: How plausible is Chinese military aid for Russia?

•   AP: EXPLAINER: What would a Russian bond default mean?

•   CNBC: China’s digital yuan could challenge the dollar in international trade this decade, fintech expert predicts

•   SCMP: China warns Asean countries not to be pawns in major power confrontation

•   SCMP: China holds off on policy rate cut despite concerns over economic slowdown, but it’s ‘only a matter of time’

•   SCMP: US-China tech war: Silicon Valley faces ‘difficult battle’ as Beijing ramps up tech spending

•   Caixin: Analysis: China’s Fiscal Spending Will Reach a Record High in 2022

•   Nikkei Asia: Japan to boost startup subsidies for infrastructure orders abroad

•   Nikkei Asia: Player or played? Xi-Putin alliance faces defining moment in Ukraine

•   Equipment World: 2022 Sees Rush of New Compact Excavators

•   DIGITIMES: Nickel price volatility prompts packaging materials suppliers to stop taking orders

•   DIGITIMES: China chip industry resilient, Intel rival to emerge in 3-5 years?

•   매경(P1): [단독] 카카오, 사모펀드에 판 카카오모빌리티 지분 되산다

•   매경: "정부주도 성장은 그만"…'윤석열노믹스' 밑그림 나왔다

•   매경: [단독] 윤석열, 쿼드 가입 발빠른 행보…호주 인도 총리와도 통화한다

•   매경: 여기서 더 오른다고?…주담대 금리 추가 상승에 영끌족 패닉

•   매경: [단독] 대만의 반도체 공습…파운드리 이어 AP도 삼킨다

•   매경: 부산 엑스포 유치·울진 원전 탄력 받는다…새 정부의 지역사업 '희비'

•   매경: [MK TECH REVIEW] 5G통신 기반의 메타버스·로봇…인간에 초현실 세상 선물하다

•   한경(P1): "윤석열 돈풀기 공약 과감히 구조조정해야"

•   한경: 벌이 시원찮고 빚은 '잔뜩'…우울한 MZ세대

•   한경: 화평법 '1t 미만' 규제 찔끔 완화

•   한경: 폭발하는 LNG 수요…'선박형 터미널' 뜬다

•   한경: 막 오른 주총시즌…행동주의 행보에 '촉각'

•   서경(P1): 윤석열 "신한울 3·4호기 공사 서두르겠다"

•   서경(P1): 이념에 갇힌 '에너지 정책'…안보·경제 관점서 다시 짜라

•   서경: 유럽도 탈원전서 유턴…원전 비중 높여야 NDC 달성 가능

•   서경: 재개 프로세스 단축이 관건…'先건설 後허가' 유연한 대응 필요

•   서경: 매년 혈세로 메울 수도…전기요금 정상화해야

•   서경: 정책·인사 충돌에 관료는 몸사리기…"퍼펙트스톰에 속수무책"

•   서경: 4월부터 통화정책 수장 공백…文·尹, 전격 인선 가능성도

•   서경: CPTPP·IPEF 등 파고 높은데…통상조직 개편땐 혼란 우려

•   서경: TSMC 8인치 파운드리 20%·테슬라 400만원 인상…삼성·현대차도 압박 커져

•   서경: 우크라 사태·공급망 차질에…기업 93% "부품단가 오를것"

•   조선(P1): 하루 확진 50만 안팎… 사망자도 최다

•   조선: 해외항공권 예약 8배 치솟았다, 여행·외식업계 봄바람

•   조선: 탈원전에 앞장서더니 연임 알박기까지 나선 한수원 정재훈 사장

•   조선비즈: 한은 금통위원 6명 중 4명 “물가 오름세 경계…금리 추가인상 필요”

※   한국은행: 금융통화위원회 의사록(2022년도 제4차)(2022.2.24.)

•   조선비즈: 호평 쏟아지는 소니 QD-OLED TV… 출시 불투명한 삼성

•   조선비즈: 탄소배출 더 늘어난 삼성전자… 그룹 로드맵 만든다

•   조선비즈: 美 제재에 中 ‘반도체 굴기’ 타격… 삼성전자엔 유리한 상황

•   인베스트조선: 러 '우크라' 침공 촉발시킨 ESG…'친환경 고지서' 받아들 韓 대기업

•   중앙: 델타크론·스텔스오미크론…새로운 변이, 방역완화 변수 되나

•   동아(P1): 평양 순안비행장서 ‘ICBM 발사용 구조물’ 포착

•   동아: [단독]軍, 北ICBM 도발 임박에 ‘맞대응 미사일’ 준비… 남북 ‘강대강’

•   동아: [대담]“규제 풀어도 집값 급등 안해” vs “주변 단지 가격 자극할 것”

•   문화(P1): “‘규제공화국 5년’ 걷어내야 기업 산다”

•   서울: 북미시장 지게차 수요 급증… 현대제뉴인, 2282대 수주

•   서울: 수소제거기 결함 쉬쉬한 한수원… ‘친원전’ 하려면 비리부터 끊어야죠 [박록삼의 세상을 바꾸는 사람들 이야기]

•   세계: 유럽행 컨테이너 운임 1년새 3.6배 ↑

•   세계: 반도체테스트기업 ‘테스나’ 인수 결정… 협동로봇 ‘세계 톱5’ [K브랜드 리포트]

•   한겨레: R&D투자 1000대 기업, 코로나에도 투자 늘었네

•   머니투데이(P1): [단독]美특사 박진 "바이든과 공급망 논의...美中 패권서 美와 협력"

•   머니투데이(P1): 9년만에 애플에 왕좌 내줄 수도...'갤럭시 위기, 심상치 않다'

•   머니투데이: 'S는 밀렸고, A도 뒤집힐 판'…갤럭시 안방 '중저가폰'도 내줄라

•   머니투데이: 다시 온 갤럭시 위기…'배터리 폭발' 노트7 사태 되새겨야

•   머니투데이: GOS 늪 빠진 삼성, 접는 폰이 구원?..."화려한 혁신보단 신뢰가 우선"

•   머니투데이: [단독]"도와줘, 한국"…'200억달러' UAE 원전, 수출로 끝 아니었다

•   더벨: [삼성 비메모리 경쟁력 점검] 메모리 신화, '2030 시스템'에도 통할까

•   헤럴드경제: K-배터리, 공격적 투자로 선진시장 점령

•   파이낸셜뉴스(P1): ‘LTV·DSR·총량’ 대출규제 3종 차례로 푼다 [새 정부, 대출규제 3종 완화]

•   파이낸셜뉴스: 조선 3사, 올 수주 목표 39% 달성… 신기술 선점해 초격차

•   파이낸셜뉴스: (주)두산, 반도체 이어 의료기기 사업 진출… 제2의 도약 시동

•   파이낸셜뉴스: "자율주행차 시범운영 참여 美·中은 1000대… 한국은 30대"

•   디지털타임스: 파업에 인력 유출까지… 잘나가는 K-조선 `암초`

•   이데일리(P1): 정권 말까지 분양가 묶으려는 정부..멀어지는 도심공급

•   이데일리(P1): 전국 휘발윳값, 9년 5개월 만에 리터당 2000원 돌파

•   이데일리: 오를 땐 `총알`인데, 내릴 땐 `깃털`…휘발윳값의 진실은

•   연합: 대기업 대표, 오너 일가 줄고 전문경영인 늘어…재무 출신 선호

•   뉴시스: 교통사고 때 드론이 사진 찍는다…성남·서산 등 9곳 드론 실증

•   e대한경제: ‘300조 門’ 핵심 키…삼성전자, 파운드리 사활

•   에너지경제: 올 겨울철 태양광 발전시간 5년만에 최대치…"역대 최저 강수량 영향"

•   에너지경제: 남부발전-쉘, 1.3GW 규모 부유식 해상풍력 개발 ‘맞손’

•   전자신문: 한전 경영硏 "'넷제로' 위해 에너지 효율 획기적 개선 필요“

•   물류신문: 러시아-우크라이나 전쟁, 물류에는 어떤 영향?

[Opinions]

•   Project Syndicate(Kristen Ghodsee): Kristen Ghodsee Says More…

•   Project Syndicate(May Boeve, Mitzi Jonelle, Nisha Agarwal): What About the Climate Displaced?

•   Project Syndicate(Ahmet Üzümcü): Will Chemical Weapons Be Used in Ukraine?

•   Project Syndicate(Anastasia Radina): Blacklist Putin's Terrorist State

•   FT(Martin Wolf): Russia’s war will remake the world

•   FT(Janan Ganesh): A divided US hangs together on the question of Ukraine

•   FT(Constanze Stelzenmüller): Western leaders must be honest about what it takes to stand up to Putin

•   FT(Mohamed El-Erian): Market fallout from Ukraine war combines the risks of past crises

•   WSJ(Editorial Board): A Question for President Biden on Oil and Gas

•   WSJ(Editorial Board): The Humbling of the Federal Reserve

•   WSJ(Paul H. Tice): Why U.S. Oil and Gas Producers Aren’t Solving the Energy Crisis

•   WSJ(Kevin Rudd): Don’t Count on China to Mediate the War in Ukraine

•   NYT(Paul Krugman): How Not to Have a Putin Recession

•   NYT(Paul Krugman): Can Germany Break Up With Russian Gas?

•   NYT(Steven Rattner): We Were Worried About Inflation. Then Russia Invaded Ukraine.

•   WP(Max Boot): Putin can’t win the war in Ukraine. But he can’t afford to lose it.

•   WP(Jennifer Rubin): Biden has the perfect answer to those calling for him to do ‘more’ on Ukraine: No World War III.

•   WP(David Von Drehle): The war in Ukraine is proving that Russia is no longer a superpower

•   WP(Charles Lane): The key difference between standing up for democracy in Ukraine and Taiwan

•   WP(Anna Myroniuk): If there was room for mixed loyalties before, there is none now: Russia has lost Ukrainians forever

•   WP(Katrina vanden Heuvel): How to avoid a new Cold War and focus on what America really needs

•   Bloomberg(Daniel Moss): Can This Emerging Market Icon Put Authoritarian Rule Behind It?

•   Bloomberg(John Authers): If Peace Comes to Ukraine, Commodities and European Equities Could Shine

•   Bloomberg(Tim Culpan): It’s Not Deja Vu in China All Over Again

•   Bloomberg(Mark Gilbert): In Inflation Fight, Market Moves Compound Risk of ECB Policy Error

•   Bloomberg(Jessica Karl): As Stagflation Fear Grows, Food and Gas Prices Are the New Rent

•   Fox News(Rick Perry): Ukraine war has Biden paralyzed by ineptitude and making major mistakes on energy

•   Fox News(Brooke Goldstein): The Biden administration is trying to use the Russia-Ukraine war as cover for a new nuclear deal with Iran

•   Reuters(John Kemp): Global energy markets turn attention to next winter

•   Reuters(Clyde Russell): Russia's exports of coal, crude, LNG slipping as self-sanctioning starts

•   Caixin(Ren Zeping): How the Ukraine War Affects China’s Economy

•   매경(사설): 한전 역마진 쇼크, 전기료 동결 공약 철회하라

•   서경(사설): 영국도 원전 수명 연장…탈원전 도그마 벗어나야

•   서울(조홍종): 탄소중립과 전기요금 현실화