Sunday, July 9, 2023

Global Economic Monitor 230710

(Introduction)

[Markets]
※   MSCI global equity index closes down slightly
※   Oil futures settle higher
※   Treasuries - 2-year yields down, 10-year yields up
※   U.S. payrolls data eases rate fears


[Indicators]
※   Job growth eased to lowest pace since late 2020
•   Germany May Industrial production: German Industrial Production Dipped Unexpectedly in May


[World]
※   Visiting Beijing, Treasury secretary also criticizes treatment of U.S. companies
•   WSJ: Treasury secretary appeared to be trying to ease tensions over U.S. technology restrictions


[Korea]


[Opinions]
•   Project Syndicate(Dani Rodrik): Focus on Productivity, Not Technology
•   Project Syndicate(Yi Fuxian): The Long Reach of China’s Demographic Destiny
•   WSJ(Editorial Board): Cracks Open in the Labor Market
•   WSJ(Andy Kessler): The Bidenomics Blather
•   NYT(Paul Krugman): Wonking Out: De-Dollarization Debunked
•   FT(Editorial Board): Vietnam’s economic moment has arrived
•   FT(Claire Jones): Everyday inflation clues for investors
•   Bloomberg(Editorial Board): FedNow Is Coming. Here Are Some of the Risks
•   Bloomberg(Allison Schrager): Bidenomics May Prolong Inequality, Not Cure It
•   Bloomberg(Howard Chua-Eoan): China's Quest for a Mighty Yuan Could be a Mighty Yawn
•   매경(김유신): 집값 잡겠다는 말
•   조선비즈(이창환): 근본적 쇄신이 필요한 새마을금고
•   머니투데이(김인만): 개인회생 두려워하지 마세요
•   아시아경제(이민우): '상생방안' 마련에 시달리는 보험사들

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