Business Intelligence Monitor 220317

(Introduction)

[Markets]

•   Global: Wall Street stocks, U.S. yields rise after Fed rate hike

※   Fed hikes rates, takes aggressive stance on inflation

※   Benchmark 10-year yields jumps

※   U.S. dollar falls

※   Brent crude drops below $100 per barrel

•   China: China Shares Soar After Beijing Signals Support; Alibaba Up More Than 20%

•   Metals: LME nickel slides limit down, copper rebounds on China hopes

•   Grains: Wheat drops as Ukraine/Russia peace talks progress

•   한국: 코스피, 인플레 우려 완화 등에 2,660선 근접…기관 순매수

•   한국: 中선전 셧다운에…기판·디스플레이株 '꿈틀'

[Indicators]

•   US Benchmark rate: Fed Raises Interest Rates for First Time Since 2018

※   Officials signal quarter-point increase will be followed by six more this year to combat inflation

※   Fed: Federal Reserve issues FOMC statement

※   WSJ: Next Time, the Fed Might Give No Quarter

※   Bloomberg: What the Fed’s Rate Hike Means for Inflation, Housing, Crypto and Stocks

•   US Jan. Business inventories: U.S. business inventories rise solidly, but pace is slowing

•   US Feb. Retail sales: U.S. Retail Sales Grew 0.3% in February

※   Spending rose at slower pace than in January, as consumers faced high inflation, rising gasoline prices

※   WSJ: Springtime for Spending

•   US Feb. Export·Import prices: Petroleum, food lift U.S. import prices in February

•   US Mar. NAHB housing market index: Homebuilder Sentiment in U.S. Drops to Lowest in Six Months

•   US Weekly Mortgage rates·applications: Mortgage demand falls as interest rates surge to multiyear highs

•   China Feb. House prices: Chinese house prices slip lower despite policy loosening

•   Japan Feb. Balance of trade: Japan’s Import Surge Points to Fallout for Households

•   Brazil Benchmark rate: Brazil Delivers 100-Point Rate Hike, Pledges Same Boost for May

•   Saudi Arabia’ Q4 GDP: Saudi Arabia’s Economy Expanded 1.6% in the Fourth Quarter

•   한국 2월 고용: 2월 취업자 103.7만명↑…같은 달 기준 고용률 역대 최고

[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 Mounts Counteroffensive to Drive Russians Back From Kyiv, Key Cities

※   A strike on Moscow’s forces in Kherson destroyed helicopters as the Russian bombing continued and Zelensky asked Congress for more weapons

•   WSJ: Ukraine’s Zelensky Invokes 9/11, Pearl Harbor in Plea to Lawmakers for More Weapons

•   WSJ: A Ukrainian Town Deals Russia One of the War’s Most Decisive Routs

•   WSJ: Russia Blames Sanctions for Pushing It Toward First Default Since 1998

•   WSJ: Putin Acknowledges Impact of Sanctions on Russian Economy

•   WSJ: Western Companies’ Pullback From Russia Marks End of an Era

•   WSJ: Russian Drone Flights Into NATO Skies Test Alliance’s Red Lines

•   WSJ: U.S., U.K. to Kick Off Bilateral Trade, Investment Dialogues Next Week

•   WSJ: China’s Covid-19 Cases Drop as Restrictions Disrupt Business

•   WSJ: Oil Market Faces Biggest Supply Crisis in Decades Unless OPEC Boosts Output, IEA Says

※   IEA: Oil Market Report - March 2022

•   WSJ: iPhone Assembler Foxconn Forecasts Tough Operating Environment From Pandemic, Inflation, War

•   NYT: As Russia Digs In, What’s the Risk of Nuclear War? ‘It’s Not Zero.’

•   NYT: Oligarchs Got Richer Despite Sanctions. Will This Time Be Different?

•   NYT: U.S. Casts a Global Net to Stop Shipments to Russia

•   NYT: Refugee Crisis Will Test a European Economy Under Pressure

•   NYT: The W.H.O. puts off assessing Russia’s Sputnik vaccine because of the war in Ukraine.

•   NYT: Russia’s Attack Rallies a Divided Nation: The United States

•   NYT: Putin Assails Russians Who Back the West, Signaling More Repression

•   WP: Biden administration identifies 50 Russian elites as targets for global hunt to seize assets

•   WP: Trump signals he would pick a running mate other than Pence in 2024

•   WP: A covid surge in Western Europe has U.S. bracing for another wave

•   WP: Even with omicron, coronavirus vaccines have been enormously effective

•   WP: China’s attempt to play both sides of the Ukraine crisis is starting to crack

•   WP: China’s zero covid wavers as infections spread and complaints over lockdowns surge

•   FT: Ukraine and Russia explore neutrality plan in peace talks

※   Fifteen-point draft deal would involve Kyiv renouncing Nato ambitions in return for security guarantees

•   FT: US and allies weigh ‘red lines’ in Putin’s assault on Ukraine

•   FT: How is Ukraine using western weapons to exploit Russian weaknesses?

•   FT: Quo vadis Nato after Russia’s war in Ukraine?

•   FT: Default looms as Russia hits deadline for dollar bond payments

•   FT: Europe’s car plants halted by lack of low-cost Ukrainian component

•   FT: Johnson returns from trip to Saudi Arabia without commitment on oil

•   FT: Rishi Sunak prepares big overhaul of UK corporate tax system

•   FT: China lockdowns create latest supply chain shock to global tech

•   FT: Foxconn’s pandemic-hit production line

•   FT: Pakistan presses ahead with Russian-built gas pipeline

•   FT: Energy traders call for ‘emergency’ central bank intervention

•   FT: Western oilfield services companies stay the course in Russia

•   FT: Volkswagen and China: the risks of relying on authoritarian states

•   Bloomberg: U.S. Is Sending Dive-Bombing Switchblade Drones to Ukraine

•   Bloomberg: World Bank’s Reinhart Sees Russia Debt-Default Contagion Risks

•   Bloomberg: Russia’s Corporate Debt Trading Soars as Sanctions Fail to Deter

•   Bloomberg: Energy Costs Set to Reach Record 13% of Global GDP This Year

•   Bloomberg: Russia’s Inflation Shock Gives Way to Soviet-Style Shortages

•   Bloomberg: As Chinese Stocks Surge, U.S. Signals Hard Line on Delistings

•   Bloomberg: Biden to Name New Fed Nominee After Raskin Withdrawal

•   Bloomberg: Biden Takes Aim at Big Oil Amid Accusations of Price Gouging

•   Bloomberg: EU Member States Yet to Agree on New Debt Plan, Donohoe Says

•   Bloomberg: Bank of England Plays Tough Cop in U.K. Economy Role Switch

•   Bloomberg: Europe Can Endure Painful Transition to Live Without Russian Oil

•   Bloomberg: ECB’s Nagel Doesn’t Expect Stagflation, Handelsblatt Reports

•   Bloomberg: Germany Weighs Norway Hydrogen Pipeline to Avoid Russian Energy

•   Bloomberg: China Makes Strong Vow to Ease Crackdowns After Market Turmoil

※   Key committee led by Vice Premier Liu He makes statement

•   Bloomberg: China’s Strong Growth Data Questioned, Mocked on Social Media

•   Bloomberg: China Will Not Expand Its Property Tax Trial This Year

•   Bloomberg: Japan to Revoke ‘Most-Favored Nation’ Trade Status for Russia

•   Bloomberg: Pandemic Erased Over 9 Million Jobs in Southeast Asia, ADB Says

•   Bloomberg: Here's Why a Russian Default Might Be Really Messy

•   Bloomberg: Fertilizer Sanctions Split Farm Superpowers as Food Prices Surge

•   Bloomberg: Carmakers Seen Producing 5 Million Fewer Vehicles After Russian Invasion

•   Bloomberg: The Global Fight Over Chips Is About to Get Even Worse

•   Bloomberg: Sinovac Is 38% Effective In Shielding Kids From Covid, Data Show

•   Bloomberg: New IPhones Help 5G Handsets Capture More Than Half the Market

•   Bloomberg: Hydrogen May Be a Jet Fuel of the Future, But There Are Some Hurdles

•   Bloomberg: Will Tesla Make Cheaper Electric Cars? $35,000 Model 3 Feels Like a Fever Dream

•   Reuters: Biden calls Putin a war criminal as Russia says mission 'going to plan'

※   "He is a war criminal," he told reporters.

•   Reuters: WHO says global rise in COVID cases is 'tip of the iceberg'

•   Reuters: Germany reports another record COVID-19 incidence

•   Reuters: U.S., EU, India, S.Africa reach compromise on COVID vaccine IP waiver text

•   Reuters: UAE remains committed to OPEC+ deal - source

•   Reuters: China lets Foxconn, some construction sites resume work in COVID bubbles

•   Reuters: EXCLUSIVE Tesla halts work at Shanghai factory for two days amid China COVID curbs - notice

•   Reuters: Analysis: From the Kremlin, Putin ponders war and peace

•   CNBC: Russia sees China as lifeline against sanctions, but U.S. threatens ‘consequences’ if Beijing helps

•   CNBC: Russia’s invasion of Ukraine will lower car production by millions of units over two years, S&P says

•   CNBC: Hydrogen-powered train a step closer to passenger service in Germany

•   SCMP: China stands with Iran on nuclear deal after talks paused amid Russia’s conflict with West

•   SCMP: China’s economy will be ‘far less prosperous’ in coming years as headwinds intensify, Australian think tank says

•   Nikkei Asia: Powerful quakes rock northeastern Japan, triggering tsunamis

•   Nikkei Asia: Foxconn partially restarts production in locked-down Shenzhen

•   Nikkei Asia: Analysis: China needs to drop Putin now, scholar insists

•   Economic Times: 75% of CEOs see moderate or no impact of war on economy

•   Power Engineering: 11 years later, fate of Fukushima nuclear reactor cleanup uncertain

•   DIGITIMES: Shenzhen lockdown unlikely to hit chipmakers

•   MIT News: A possible new Covid-19 vaccine could be accessible for more of the world

•   Hannover Messe News: Finding a balance between energy supply security and climate change

•   Robot Report: Are farmers ready for autonomous tractors?

•   매경(P1): 印尼서 그린수소 뽑아낸다…삼성·현대차 '12억弗 작전'

•   매경(P1): 삼성의 미래, 메타버스·로봇서 찾는다

•   매경: 4년 뒤 90조로 크는 이 시장…삼성전자, 본격 뛰어들었다

•   매경: 고개숙인 삼성CEO "갤럭시 논란 죄송"

•   매경: '탄소 쇼크'로 생산원가 급등…아시아 C테크시장이 돌파구

•   매경: "韓 '녹색 원조' 활용땐…개도국에 배터리·전기차 기술 수출 기회"

•   매경: 탄소중립은 안보이슈…新관세동맹 고려하면 韓, 선택 문제 아니다

•   매경: 한전 최악의 적자 속 한수원만 3천억 순익 올린 이유는

•   한경(P1): 코로나 확진 60만명 육박에도…정부는 '1급 감염병' 해제 검토

•   한경: 4월 금통위 韓銀 총재 없이 열리나…우크라 사태 속 '정책 실기' 우려

•   한경: 기판사업 강화 선언한 장덕현 "SOS시대 이끌 것"

•   한경: 로봇 스타트업에 투자 줄잇는다

•   한경: 삼성 폴더블폰 세계 시장 88% 점유

•   한경: "윤석열 공약 '주식 양도세 폐지' 쉽지 않다"

•   한경: "분양가 상승 기다리자"…3월 주택공급 '뚝'

•   한경: 원전 부활 기대 부푼 한전…"사라" vs "사지 마라" 팽팽

•   서경(P1): [단독] '책임장관' 시동…정책·인사 전권 준다

•   서경(P1): [단독] 우리·하나銀 공동점포…'한지붕 두은행' 문 연다

•   조선(P1): [NOW] “하루 벌어 먹고사니… 증상있어도 일해요”

•   조선: 車값이 미쳤다, 테슬라 나흘만에 540만원 올라

•   조선비즈: 경제학자 33% “韓 노동유연성 낮추는 최대 요인은 노조”

•   조선비즈: 美 제재에도 잘 나가네…中화웨이, 통신장비 점유율 28.7%로 1위

•   조선비즈: 美무역대표부 “韓 철강산업 이미 관세혜택…추가협상 불필요”

•   조선비즈: 인기 없는 文정부 공공주도 공급대책… 정권교체에 주민들은 무력화 ‘기대’

•   조선비즈: 찬바람 부는 IPO 시장…공모가 30% 미달도 속출

•   조선비즈: 산업·에너지 다룰 경제2분과는 ‘오리무중’…”인수위 인선, 安측 인사가 변수”

•   조선비즈: [윤석열 시대] 尹이 주목한 소형원전… 삼성도 인재 확보 나섰다

•   인베스트조선: 일단 한숨 돌린 채권시장…보수정권 '크레딧 이벤트' 재현될까 관심

•   동아(P1): [단독]北, ICBM 추정 미사일 발사 실패… 이르면 주내 재도발

•   동아: 새 성장동력 찾는 대형건설사들 “단순 시공 넘어 ‘시행’까지”

•   문화: 美·中 무역분쟁 여파… 中시장서 쪼그라드는 韓점유율

•   서울: [단독] ‘성남FC 수사무마’ 검토한 검찰… 수원지검 보내 결자해지 가닥

•   경향(P1): 대선 일주일 만에 벌써…서울 부동산 시장 들썩

•   경향: “유가 10% 오르면 경상수지 20억달러 감소”

※   국회예산정책처: [NABO Focus 제42호] 우크라이나 사태와 우리 경제에의 영향 분석

•   경향: “러 수출 제한조치, 국내 영향 미미”

•   머니투데이: 러시아서 수입하던 물건 10가지 중 3개가 묶였다

•   머니투데이: '위기에도 혁신' K-배터리 한자리···반도체 신화 넘본다

•   파이낸셜뉴스(P1): IPO 대어 잇단 급락… 못믿을 공모가 산정

•   아시아경제(P1): SK실트론 웨이퍼 증설에 1조 투자…SK그룹 편입 후 투자에 속도

•   아시아경제: '300 vs 0'…글로벌 기업 탈러시아 행렬…삼성전자·현대차는 '정중동'

•   이데일리(P1): [단독]준비 없이 밀어붙인 정규직화…청구서는 尹정부 몫으로

•   이데일리: [단독]이근 국민경제자문회의 부의장 사의…文정부 첫 자진사퇴

•   이데일리: 김동연과 빅매치 성사되나…유승민, 경기지사 차출설 '솔솔'

•   연합: 대한상의 "국민이 윤석열 당선인에 바라는 최우선 과제는 코로나 극복"

•   에너지경제: 제주 재생E 확대에 전력망 과부화 본격화…풍력 이어 태양광 발전도 가동 제한

•   전자신문: [스페셜리포트]반도체 생산 아시아 독주서 美·유럽 '3각 경쟁' 체제로 재편

•   전자신문: [스페셜리포트]인텔발 반도체 소부장 공급망도 재편

•   전자신문: [스페셜리포트]천문학적인 인텔 투자 어떻게 가능했나

[Opinions]

•   Project Syndicate(Bernard Haykel): Why the Saudis Won't Pump More Oil

•   Project Syndicate(Willem H. Buiter): Pricing Existential Risk

•   FT(Megan Greene): The EU must decide how to fund its Ukraine crisis response

•   FT(David Gardner): Mistrust between the US and the Gulf underscores the need to reset relations

•   FT(Sergiy Korsunsky): China must make Moscow see sense

•   FT(David Stevenson): Investing in a lower-carbon future

•   FT(Claire Jones): The consequences of a Russian default

•   FT(Lex): Oil supply chain: spiralling margin calls elevate risk of Lehman moment

•   WSJ(Daniel Henninger): Ukraine Is World War 2½

•   WSJ(Zalmay Khalilzad): The West Must Risk More for Ukraine Now

•   NYT(Thomas L. Friedman): In the War Over Ukraine, Expect the Unexpected

•   NYT(Ross Douthat): Will the Ukraine War End the Age of Populism?

•   NYT(Peter Pomerantsev): Putin Is ‘High Off His Own Propaganda Supply’

•   NYT(Henry J. Farrell, Abraham L. Newman): The U.S. Is the Only Sanctions Superpower. It Must Use That Power Wisely.

•   WP(Lawrence H. Summers): The Fed is charting a course to stagflation and recession

•   WP(David Ignatius): The best peace plan for Ukraine is sending military support

•   WP(Michael McFaul): Why the West must boost military assistance to Ukraine

•   WP(Henry Olsen): Sorry, President Zelensky. The U.S. cannot risk direct war with Russia.

•   WP(Paul Waldman): A failed Fed nomination shows how excruciating climate politics can be

•   WP(Daniel W. Drezner): Institutionalizing the Russia sanctions

•   Bloomberg(Editorial Board): The Risks Are Growing But the Fed Should Press On

•   Bloomberg(Mark Gongloff): Commodity Prices Are a Financial-Meltdown Risk

•   Bloomberg(David Fickling): Saudi Arabia’s Oil-For-Yuan Bid Won’t Threaten the Dollar

•   Bloomberg(John Authers): The Fed and Monetary Policy Matter More to Markets Than War in Ukraine, So Far

•   Bloomberg(Faye Flam): Long Covid Could Reveal Clues to Alzheimer's, Lyme Disease

•   Bloomberg(Jonathan Levin): Stocks Walk on the Bright Side of the Road With Powell

•   Fox News(James Jay Carafano): Ukraine's Zelenskyy gave a powerful address to Congress but 'what's next?' is the big question now

•   Fox News(Gordon G. Chang): China's nuclear threats are following on the heels of Russia's threats and should be a US wake-up call

•   한경(이찬복): 사용후핵연료, 원자력발전 가로막지 못한다