Business Intelligence Monitor 220318

(Introduction)

[Markets]

•   Global: Wall Street stocks, oil prices rise after aggressive Fed hike outlook

※   Investors assess aggressive Fed outlook

※   Treasury yield curve steepens

※   Wall Street indexes climb

※   Oil prices jumps 8%

•   Metals: Aluminium rises on China stimulus hopes; nickel chaos continues

•   Grains: Wheat recoups from early weakness, corn gains on export demand

•   한국: 코스피, 미국 FOMC 불확실성 해소에 '안도 랠리'…1.33% 상승

•   한국: SK하이닉스 vs LG엔솔, 뒤바뀐 시총 2위

[Indicators]

•   US Feb. Industrial production: U.S. Factory Output Exceeds Forecast, Rises Most in Four Months

•   US Feb. Housing starts: Housing Starts in U.S. Rebound to Fastest Pace Since Mid-2006

※   New construction rose 6.8% in February to 1.77 million pace

•   US Mar. Philadelphia Fed manufacturing Index: Philadelphia Fed's manufacturing gauge ratchets higher in March

•   US Mar. MCI-EFI: Finance Index Declines in March

•   US Weekly Jobless claims: Jobless Claims Edge Lower in Tight U.S. Labor Market

•   UK Benchmark rate: Bank of England raises interest rates again to curb inflation

※   MPC increases rates to 0.75% and warns that price rises are likely to hit 8% by June

※   BoE: Bank Rate increased to 0.75% - March 2022

•   Japan Jan. Machinery orders: Japan Jan. machinery orders sag 2% on month, 1st fall in 5 months

•   Indonesia Benchmark rate: Indonesia Holds Rates While Monitoring Inflation, War Risks

•   한국 1월 재정수지: 1월 세금 10.8조 더 걷혔다

•   한국 1월 통화 및 유동성: 예·적금 23조 가까이 증가 ‘역대 최대’

•   한국 주간 아파트 가격(부동산원): 강남 집값 하락세 멈춰…규제완화 기대감 확산

[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: Desperation Mounts for Ukrainians in Mariupol as Russia Tries to Capture Key City

※   The pivotal port city is cut off and residents struggle for basic needs; Moscow denies attacking the theater serving as a bomb shelter

•   WSJ: House Passes Legislation to End Normal Trade Relations With Russia

※   The measure, backed by President Biden, could result in higher tariffs on some imports from Russia and Belarus

•   WSJ: Russia Averts Default After Investors Receive Foreign-Debt Payments

※   Holders of two Russian dollar bonds say coupon payments arrived Thursday, a day late, but well within the 30-day grace period

•   WSJ: Xi and Biden Prepare to Talk as U.S.-China Distrust Mounts

※   China presents its stance as neutral; the U.S. is likely to warn Beijing against any support of Russia

•   WSJ: How Russia’s Revamped Military Fumbled the Invasion of Ukraine

•   WSJ: Ukraine War’s Global Economic Impact to Hit Poorest Hardest, OECD Says

※   OECD: OECD calls for well-targeted support to the vulnerable as war undermines global recovery

•   WSJ: Senate Panel Approves Jerome Powell’s Renomination as Fed Chairman

※   Senate Banking Committee also advances three other Fed nominees, overseer for Fannie and Freddie

•   WSJ: U.S. Covid-19 Hospital Admissions Near a Low, but New Risks Loom

•   WSJ: Homes Earned More for Owners Than Their Jobs Last Year

•   WSJ: Chinese President Vows to Control Covid Outbreak With Smallest Cost

※   Xi Jinping says leaders must ‘minimize the impact of the Covid situation on economic and social development’

•   WSJ: China’s Housing Market Needs More Than Talk From Beijing

•   WSJ: Oil Market’s Big Winners: ‘Little Guys’ Who Are Eager to Drill

•   WSJ: Apple’s Hold on App Store Set to Face Significant Challenge From New European Law

•   NYT: In Some Parts of the World, the War in Ukraine Seems Justified

•   NYT: In South Korea, a Spike in Covid Cases Meets a Collective Shrug

•   WP: Why Biden and the White House keep talking about World War III

•   FT: US pours cold water on hopes of diplomatic solution in Ukraine

※   Secretary of state says no signs Putin is ‘prepared to stop’ and announces probe of ‘war crimes’

•   FT: Military briefing: why Russia is deploying more troops to Ukraine

•   FT: ‘The birth of a new Ukraine’: how Russia’s war united a nation

•   FT: Zelensky accuses Germany of letting down Ukraine

•   FT: Macron aims for full employment in election manifesto

•   FT: How will the scheme to replace EU’s ‘levelling up’ fund actually work?

•   FT: Boris Johnson has few quick fixes to deliver UK energy security

•   FT: Powell channels his inner Volcker with tough stance on US inflation

•   FT: AstraZeneca prepared to ditch effort to secure US approval for Covid vaccine

•   FT: Price surges and panic buying: Russia’s war empties shelves and wallets

•   FT: India explores ‘rupee-rouble’ exchange scheme to beat Russia sanctions

•   FT: Japanese companies close factories after earthquake in north-east

•   FT: China Inc unconvinced Xi Jinping’s regulatory storm is over

•   FT: Renault’s Russia dilemma

•   Bloomberg: China Affirms Friendship With Ukraine, Promises to ‘Never Attack’

•   Bloomberg: Putin Is Likely to Make Nuclear Threats If War Drags, U.S. Says

•   Bloomberg: Reports of Major Progress in Ukraine Talks ‘Wrong,’ Kremlin Says

•   Bloomberg: Energy Shock Hitting Poorer Nations Reliant on Imports Hardest

•   Bloomberg: Powell Says U.S. Economy to Flourish, But Data Leave Room for Debate

•   Bloomberg: Fauci Says U.S. Covid Cases Could Soon Rise as Funding Runs Dry

•   Bloomberg: There’s a Big Problem With Building More Homes to Fix the Housing Shortage

•   Bloomberg: Why China Has U.S. Congress Focused on Computer Chips

•   Bloomberg: Germany to Lift Most Covid Curbs Despite Record-High Infections

•   Bloomberg: Germany Backs EU Phaseout of New Combustion Engines by 2035

•   Bloomberg: EU Nations Spend Billions of Euros in Crisis Support at Home

•   Bloomberg: ECB’s Knot Doesn’t Rule Out Two Interest-Rate Hikes in 2022

•   Bloomberg: ECB Can’t Ignore Inflation Driven by Going Green, Schnabel Says

•   Bloomberg: Draghi Sets Italy’s Exit From Covid Rules in European Reopening

•   Bloomberg: U.K. to Ramp Up Offshore Wind Targets in Energy Security Push

•   Bloomberg: Macron Says French State Should Take Over Some EDF Assets

•   Bloomberg: Czechs Start $7 Billion Nuclear Project as Power Prices Surge

•   Bloomberg: World’s Central Banks Told Not to Blink at War, Hold Course

•   Bloomberg: UAE, Russia Discuss Importance of Stable Energy Markets

•   Bloomberg: Bolsonaro Rolls Out $32 Billion Social Plan With Eye on Election

•   Bloomberg: BOJ’s Kuroda Vows to Stick With Stimulus After Fed’s Rate Hike

•   Bloomberg: African Nations See Pick-Up in Vaccinations After Sluggish Start

•   Bloomberg: The Myth of the Chinese ‘Debt Trap’ in Africa

•   Bloomberg: China Turns to U.S. Corn as War Puts Ukraine Supplies at Risk

•   Bloomberg: Intel and Northvolt Add to the Billions Flowing to Germany Inc.

•   Reuters: Russia is using Belarus as logistical hub in war, Ukrainian defence minister says

•   Reuters: IMF says Fed tightening appropriate, adds to risks for emerging markets

•   Reuters: Exclusive: Russian invasion spurs European demand for U.S. drones, missiles

•   Reuters: Analysis: U.S. gamble on China over Ukraine raises tensions with rival superpower

•   Reuters: Analysis: As liquidity evaporates, oil braces for whiplash volatility

•   Reuters: Analysis: After China avows market stability, investors want proof

•   Reuters: Analysis: Investors adjust as Fed hikes, worry about clouds on horizon

•   Reuters: Analysis: For N.Korea's missile programme, even failures can be sign of progres

•   Reuters: Analysis: Chinese military aid to Russia would be major role reversal, analysts say

•   AP: Russian businesses in US face backlash from war in Ukraine

•   CNBC: Why Russian people need tech companies to stay, not withdraw: It’s terrifying ‘how dark that place could become’

•   CNBC: How higher and more volatile energy prices will affect the move to clean energy

•   CNBC: Russia may aspire to a China-style internet, but it’s a long way off

•   SCMP: China vows to ‘strengthen forex market monitoring’ as capital-outflow risks mount from US Fed moves

•   SCMP: Ukraine invasion: China braces for effects of global fertiliser shortage on food security

•   SCMP: China’s tech surge: regulator chimes in with market-friendly policies to cheer beleaguered stock investors

•   SCMP: Why rich, young Chinese are less likely to spend abroad than older generations

•   Nikkei Asia: Japan decides to lift all COVID emergency curbs on Monday

•   Nikkei Asia: Japan eyes 6G lead with global standards backed by Toyota, others

•   Nikkei Asia: Flying taxis set to take off on 8 routes at Osaka World Expo

•   Economic Times: Moody's slashes 2022 India growth estimate to 9.1% on lower capex

•   MINING.com: 5 CHARTS: Mining supercycle – how soon is now?

•   Construction Equipment: AGC: Materials Prices, Labor Shortage Impacting Recovery

•   DIGITIMES: Foxconn embracing strongest first quarter in 10 years

•   DIGITIMES: Global semiconductor materials market surges 16% in 2021, says SEMI

•   DIGITIMES: China becomes largest EV manufacturer in 2021

•   Robot Report: 3 trends shaping robotics demand in 2022

•   매경(P1): "37만명이 정점" 예측했던 정부…신규확진 60만명 돌파에 거리두기 완화 고심

•   매경: '문정부 부동산 밑그림' 국토연구원장도 3년 연장…정권말 도넘은 알박기 인사

•   매경: 아직도 네자리 남았다…'낙하산 텃밭' 공공기관 상임감사

•   매경: 청와대만 스치면 공공기관장?…반년새 '청 출신' 공공기관 낙하산 6명

•   매경: 이명박은 '고소영', 박근혜는 '성시경'…윤석열 사람들은 'MSG(이명박계·서울대·박근혜정부)’

•   매경: 요소수·대러제재 우왕좌왕…경제·안보 부처융합이 해법

•   매경: 오미크론에 '소비 외출' 확 줄어…오프라인 소비, 3년전의 70%

•   매경: '제2반도체' K-배터리, 전고체 기술력 과시

•   한경(P1): 국민연금, 기업 이사선임 무더기 반대

•   한경: '윤석열 부동산 정책' 구체안, 최상목 前 차관이 총괄 제시

•   한경: 무디스, 올 韓성장률 전망 3.0→2.7%로 하향

•   한경: 시멘트 공장 앞 늘어선 줄…"이대로 가면 건설현장 멈출 판"

•   서경(P1): 현대차 숙원사업 ’중고차시장’ 진출한다

•   서경: 반도체 공정용 희귀가스에 무관세…택시, 특별고용지원업종 추가 지정

•   서경: 확진 26% '스텔스 오미크론' … 감염 폭증세 새로운 변수로

•   조선: 직급 파괴 좋습니다요, 하지만… 파괴된 부장님 자존심은요

•   조선비즈: 현대차·기아, 부품난에 빈 라인 돌린다

•   조선비즈: ‘태블릿 두뇌 AP’ 대만 급부상에 존재감 잃는 삼성전자

•   조선비즈: ‘인력난’ 조선업계, 사람 대신 로봇이 배 만든다

•   조선비즈: “많이 팔수록 손해?” 삼성·LG전자, 원자재 값 폭등에 ‘수익 비상’

•   문화: 국내 대기업 M&A 실적 ‘초라’… 美·日의 3분의 1 수준 불과

•   한국(P1): [단독] "거리두기 6인→8인 완화, 밤 11시 영업제한은 유지" 가닥

•   한국: “탈원전 백지화, 원전 최강국”? 방폐장 등 전제조건부터 해결해야

•   한국: [단독] 외교부 "통상 기능 다시 달라"... '경제안보' 앞세워 인수위에 의견 내기로

•   경향: 윤석열, 산불 피해 주민에게 “원전 일자리”…따져보니 “원전 건설 지역경제 파급효과, 작고 일시적”

•   머니투데이(P1): "부동산 심판으로 이겼는데?"..인수위에 부동산 전문가 1명도 없다

•   머니투데이: '니켈 2.7배·리튬 5.9배 비싸져'···K-배터리 "공급망 위기" 한 목소리

•   더벨: [LG 테크3사 밸류 점검] 뉴비전 로봇…역시나 '저가공세' 中 방어 관건

•   헤럴드경제: “韓, 탄소중립 달성하면 일자리 200만개 이상 창출”

•   아시아경제: 1분기 분양물량 쏟아지지만 "공급 가뭄 해소하긴 어려워"

•   디지털타임스(P1): [기획] 곡물가 폭등… `식량안보` 남일 아니다

•   디지털타임스: 수소경제 동맹전선 넓히는 현대차… 中업체에 과감한 지분투자

•   연합: 오후 9시까지 전국서 39만3097명 확진…어제보다 15만6757명↓

•   e대한경제: ‘공정률 지연’ 삼척블루파워, 공법 변경으로 돌파구 마련

•   더구루: 두산밥캣, 북미 부품시장 공략 드라이브

•   더구루: 美 원전 스타트업, 루마니아에 SMR 설치 추진

•   전자신문(P1): EU, 탄소국경세(CBAM) 승인…韓 전력·철강 '긴장'

•   전자신문(P1): 日 7.3 지진...르네사스반도체 공장 가동 중단

•   전자신문(P1): 삼성전자, '갤럭시A' 차세대 중저가 라인업 공개

[Opinions]

•   Project Syndicate(Arvind Subramanian, Josh Felman): India's Size Illusion

•   Project Syndicate(Chris Patten): Xi Jinping's Choice

•   Project Syndicate(Pinelopi Koujianou Goldberg): Lose-Lose Trade Sanctions

•   Project Syndicate(Raghuram G. Rajan): Economic Weapons of Mass Destruction

•   Project Syndicate(Paul De Grauwe): Russia Is Too Small to Win

•   Project Syndicate(Yuriy Gorodnichenko, Torbjörn Becker): NATO Must Get MAD at Russia

•   Project Syndicate(Stephen S. Roach, et al.): China's Time for Global Leadership

•   FT(Editorial Board): Iran should grasp opportunity for nuclear deal

•   FT(Martin Sandbu): Economic impact of war in Ukraine could go from bad to worse

•   FT(Robert Armstrong): The Fed wants it all

•   FT(John Redwood): Cash is king in uncertain times

•   FT(Joe Miller): Ukraine war spurs decline of the affordable car

•   FT(Evan Medeiros): Ukraine gives Europe a key swing vote in the US-China rivalry

•   FT(Lex): Japan nuclear energy: quake rattles Fumio Kishida’s faulty logic

•   WSJ(Editorial Board): Biden’s Vast Oil Conspiracy

•   WSJ(Editorial Board): Why Not Victory in Ukraine?

•   WSJ(Editorial Board): Jerome Powell, Inflation Fighter?

•   WSJ(Jason Furman): Now Putin Is Claiming Russian Inflation Will Be Transitory

•   WSJ(Kimberley A. Strassel): Biden Is in Climate Denial

•   WSJ(Walter Russell Mead): Putin’s Failure Is Biden’s Opportunity

•   WSJ(Alex Garcia): Sanctions Should Give Russians a Way Out

•   WSJ(Timothy Fitzgerald, Kevin Hassett): Waive the Jones Act to Get the Supply Chain Flowing Again

•   WSJ(Christopher James): U.S. Shale Oil and Gas Are the Key to a Renewable Future

•   WP(Editorial Board): ‘It’s clear what we need to do’: In Russia, war opposition is mounting

•   WP(Lawrence H. Summers): The stock market liked the Fed’s plan to raise interest rates. It’s wrong.

•   WP(Eugene Robinson): The war in Ukraine could hardly be going worse for Putin. Don’t assume he agrees.

•   WP(Josh Rogin): Odessa is Putin’s next target. It desperately needs our help

•   WP(Kori Schake): Russia’s military is incompetent. That makes it more dangerous.

•   Bloomberg(Editorial Board): How Biden Can Help the Fed Fight Inflation

•   Bloomberg(Mark Gongloff): How Will the Ukraine War End? Here Are Two Possibilities

•   Bloomberg(Daniel Moss): The Fed and China Go to War Against Different Foes

•   Bloomberg(John Authers): The Day the Fed, Putin and Xi Capitulated in Great Drama for Investors

•   Bloomberg(Shuli Ren): I Caught Omicron. People in China Thought I Was Dying

•   Bloomberg(Jonathan Bernstein): Ukraine War: Biden Deserves Credit for Waste in a Crisis

•   Bloomberg(Hal Brands): A Losing and Desperate Putin Could Be Terrifying

•   Bloomberg(Matt Levine): Nickel Can’t Find a Price

•   Bloomberg(Allison Schrager): The Fed Is Basically Just Guessing About Interest Rates

•   Bloomberg(Matthew Brooker): China Submits to a Painful Market Reality

•   Bloomberg(Jonathan Ford): Putin's Invasion Challenges Green Aversion to Nuclear Power

•   CNN(Desmond Lachman): The Fed can't afford to move too slowly on interest rates

•   Fox News(Michael Pregent , Jon Sweet): The battle for Kyiv is coming and it will be brutal unless we act now

•   조선(사설): ‘탈원전 돌격대장’ 한수원 사장의 뻔뻔한 연임 욕심