Business Intelligence Monitor 220131

(Introduction)

[Markets]

•   Global: Strong U.S. earnings lift global equities amid inflation, geopolitical concerns

※   U.S. stocks ended higher, European stocks fell

※   Oil near highest since 2014

※   Dollar having best week in seven months

•   Natural gas: U.S. Natural Gas Posts Biggest Weekly Advance Since August 2020

•   Coal: Chinese Coal Plunges After Beijing’s Barrage Against High Prices

•   Metals: Copper heads for biggest weekly fall since October

•   Grains: Soybeans surge on weather concerns; wheat rises after slide

•   한국: 코스피 엿새 만에 상승…1.87% 오른 2,663.34 마감

•   한국: '아픈 손가락' 낸드 흑자전환…분기배당 선언에 주가 6% 급등

[Indicators]

•   US Q4 Employment cost: U.S. Wages, Benefits Rose at Two-Decade High as Inflation Picked Up

※   Employers spent 4% more on compensation last year amid tight labor market

•   US Dec. Personal spending·income: U.S. Consumer Spending Fell 0.6% in December Amid Inflation, Omicron

※   Commerce Department’s gauge of inflation rose 5.8% from a year earlier

•   US Weekly Rig count: U.S. drillers add oil & gas rigs for record 18th month -Baker Hughes

•   Eurozone Jan. Economic sentiment: Euro zone economic sentiment eases in Jan

•   Germany Q4 GDP: German Economy Contracts Amid Virus Curbs, Supply Snags

※   Economy shrinks 0.7% in fourth quarter; median est. -0.3%

•   France Q4 GDP: French economy boosts Macron with fastest growth in 52 years

※   NYT: France’s economy bounces back, while Germany’s falters under the strain of Omicron.

•   UK Jan. CBI's monthly growth index : Omicron slows UK growth to weakest since April - CBI

•   China Jan. PMI: Chinese manufacturing slows as zero-Covid compounds property turmoil

※   Beijing’s economic planners confronted with unemployment and inflationary pressures

•   Brazil Nov. Employment: Brazil’s Unemployment Drop Beats Forecasts in Boost to Economy

•   한국 12월 및 연간 산업활동: 작년 생산·소비·투자 모두 늘어 4년만에 '트리플 증가'

•   한국 4분기 카드 사용액: ‘위드코로나’ 소비 껑충... 지난해 4분기 카드사용액, 전년보다 13.8% 늘어

•   한국 12월 금융기관 가중평균 금리: 12월 은행 주택담보대출 금리 3.63%…7년 7개월 만에 최고

•   한국 주간 아파트 수급동향(부동산원): 서울 매매지수 30개월 만에 최저

[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

[Calendars]

•   WSJ: Economy Week Ahead: Eurozone GDP, BOE, ECB, U.S. Employment

•   FT: It’s Groundhog Day, again

•   Bloomberg: Europe’s Big Two to Deepen Split on Inflation Response: Eco Week

[News]

•   WSJ: Biden’s Sanctions Plan Targets Russian Banks, Companies and Imports if Ukraine Is Attacked

※   The plan, which is still being finalized, would prohibit a range of activities

•   WSJ: Senate Nears Completion of Measures Targeting Russian Economy in Event of Ukraine Invasion

※   Bipartisan legislation would hit major Russian banks and limit the market for the nation’s sovereign debt

•   WSJ: Pentagon Warns Russia Could Seize Ukrainian Cities, While Kyiv Pleads for Calm

•   WSJ: Major Investors Hold Ground on Russian Debt Amid Ukraine Crisis

•   WSJ: U.S., EU Sanctions on Russia Could Ensnarl Western Oil Companies

•   WSJ: Before Ukraine Standoff, U.S. Pitched Its ‘Freedom Gas’ to Europe and Found Few Takers

※   American efforts to export LNG to the continent as an alternative to Russian supplies met with mixed results. As Ukraine conflict looms, options to send more gas now are limited.

※   White House: Joint Statement by President Biden and President von der Leyen on U.S.-EU Cooperation on Energy Security

•   WSJ: Ukraine’s Growing Sense of National Identity Puts It in Putin’s Crosshairs

•   WSJ: In Eastern Ukraine’s Largest City, Pro-Russia Sympathies Wither as War Looms

•   WSJ: Omicron Pushes Health Authorities Toward Learning to Live With Covid-19

•   WSJ: U.S. Covid-19 Hospitalizations Retreat, but Deaths Keep Rising

•   WSJ: Biden Had Strategy to Beat Covid-19. Then Variants Arrived.

•   WSJ: Chamber of Commerce Raises Concerns Over Fed Nominee Raskin

•   WSJ: Democrats Put Build Back Better in Joe Manchin’s Court

•   WSJ: IMF Says China’s Economic Imbalances Have Worsened

※   Chinese growth in 2022 now forecast at 4.8%, down from prior outlook of 5.7%

※   IMF: People’s Republic of China: 2021 Article IV Consultation

•   WSJ: Stock Market Jitters Don’t Endanger Economy Yet

•   WSJ: The Two Things to Do When the Stock Market Gets Crazy

•   WSJ: Ukraine Tensions Hit Deal Talks Between Italy’s UniCredit, Russian Lender

•   WSJ: China’s Property Crisis Has Investors in Green Bonds Seeing Red

•   WSJ: Aluminum Prices Can’t Keep Up With Energy Costs, Driving Wave of Closures

•   WSJ: Steel Market Cools as Supplies Expand

•   WSJ: Wall Street’s Green Push Exposes New Conflicts of Interest

•   WSJ: For Chip Industry, Global Supply Crunch Pushes Next Target to $1 Trillion

•   WSJ: How the FTC Is Reshaping the Antitrust Argument Against Tech Giants

•   WSJ: Elon Musk’s Decision to Slow New Tesla Models Risks Holding Up Growth

•   WSJ: The Real Brake on America’s Electric-Vehicle Revolution

•   NYT: As Russian Troops Mass in Belarus, a Ukraine Border Is Largely Undefended

•   NYT: Putin Has Long Tried to Balance Europe. Now He’s Working to Reset It.

•   NYT: The Hard-Line Russian Advisers Who Have Putin’s Ear

•   NYT: ‘Stealth’ Variant No Cause for Alarm, but Could Slow Case Decline

•   NYT: John Kerry, U.S. Climate Envoy, Tells Top Polluters ‘We Must All Move Faster’

•   NYT: Living by the Code: In China, Covid-Era Controls May Outlast the Virus

•   NYT: Emmanuel Macron Walks a Fine Line on Ukraine

•   NYT: Obscure but Crucial Commodity Fuels Geopolitical Tussle in Eastern Europe

•   NYT: Inflation and Deficits Don’t Dim the Appeal of U.S. Bonds

•   NYT: What May Be in Store as the Fed Cuts Back on the Easy Money

•   WP: Fed tries to thread the needle by raising rates without endangering economy

•   WP: Rents are up more than 30 percent in some cities, forcing millions to find another place to live

•   WP: An invasion of Ukraine could drive up global food prices and spark unrest far from the front lines

•   WP: China open to U.N. rights chief visiting Xinjiang, as long as she doesn’t do any investigating there

•   WP: In Germany’s east, far-right extremists find footholds in escalating anti-vaccine protests

•   FT: Johnson considers offering Nato more British troops in Estonia

※   Deployment would double the number of UK forces in the Baltic state as tension over Ukraine rises

•   FT: Will Russia be cut off from Swift if Moscow invades Ukraine?

•   FT: Ukraine to the world: keep calm and stop spreading panic

•   FT: Vladimir Putin will meet German business leaders, Kremlin says

•   FT: ‘Pandemic vs endemic’ sets up two conflicting Covid endgames

•   FT: French ‘people’s primary’ chooses Taubira as left’s candidate

•   FT: Brussels seeks powers to intervene over chip supply issues

•   FT: European Investment Bank criticises Brussels’ sustainable finance rules

•   FT: UK inflation ‘similar’ for poorer and richer households, says ONS

•   FT: Italian government’s unity threatened by split over vote for next president

•   FT: Italy re-elects Mattarella as president to end political stalemate

•   FT: Draghi gains vital time for policy revamp after Italy re-elects Mattarella as president

•   FT: Does the EBRD still finance freedom?

•   FT: Access to EU recovery funds gives Greek companies a chance to compete

•   FT: Boris Johnson tries to reassert his authority by sticking with tax rise

•   FT: Johnson aims to help low-income households with energy bills

•   FT: ‘Benefits of Brexit’ paper to set out plans for future deregulation

•   FT: Ukraine crisis marks biggest test yet for ‘Biden doctrine’ on foreign policy

•   FT: Fed could use half-point rate rises if needed, says official

•   FT: China warns of risk of military conflict with US over Taiwan

※   Ambassador’s comments are a rare example of the communist state’s officials talking directly about the possibility of war

•   FT: Chinese documentary prompts rare criticism of Xi’s corruption crackdown

•   FT: Ukraine conflict shines light on deepening ties between Beijing and Moscow

•   FT: Argentina agrees deal with IMF to restructure $44.5bn of debt from bailout

•   FT: Turkish president sacks statistics chief as inflation tension escalates

•   FT: Lula leaves clues about plans for Brazil’s economy if re-elected

•   FT: Zambian president vows not to favour Chinese creditors in restructuring

•   FT: Will an ugly jobs report deter the Fed from aggressive rate rises?

•   FT: World’s largest wealth fund warns ‘permanent’ inflation will hit returns

•   FT: Oil and gas groups keep drilling despite green energy push

•   FT: Global warming effect of methane from US Permian draws fresh scrutiny

•   Bloomberg: Omicron Subvariant Spreads Faster, and Boosters Remain Effective

•   Bloomberg: Charting Global Economy: Inflation Data Underscore Fed Urgency

•   Bloomberg: Bostic Says Fed Could Do Half-Point March Hike If Needed

•   Bloomberg: Quantitative Tightening Looms for Markets on Hawkish Fed

•   Bloomberg: Euro-Area Outlook Darkens With Germany on Brink of Recession

•   Bloomberg: U.K. to Expand Covid-19 Shots to 5 to 11-Year-Olds Most at Risk

•   Bloomberg: ECB’s Go-Slow Approach Protects Europe From a Gung-Ho Fed

•   Bloomberg: ECB Path to Rate Hike Seen Starting With QE End Early Next Year

•   Bloomberg: China Property Sector Loans Stabilize Toward Year-End: PBOC

•   Bloomberg: China Aims to Launch a Nationwide Power Market by 2025

•   Bloomberg: India to Boost Spending With Near-Record Debt: Budget Preview

•   Bloomberg: Myanmar Generals Face Spiraling Economy, Threat of New Sanctions

•   Bloomberg: Philippines to Ease Covid Curbs in Capital as Infections Ebb

•   Bloomberg: South Africa Seeks World Bank Loan for Second Time Since 1994

•   Bloomberg: Japan Energy Bills to Hit Highest in at Least 5 Years, NHK Says

•   Bloomberg: Indonesia’s Palm Oil Exports to Ease Only Slightly Despite Curbs

•   Bloomberg: Russia Suffered Deadliest Year Since World War as Covid Unbroken

•   Bloomberg: Quantitative Tightening Looms for Markets on Hawkish Fed

•   Bloomberg: Traders’ Emerging Stocks Dreams Are Dashed by Late January Curse

•   Bloomberg: Bond Market Girds for Bumpy Road as Powell Shreds Fed Playbook

•   Bloomberg: China Picks Cities, Entities to Take Part in Blockchain Trials

•   Bloomberg: Wall Street’s Big Bet on Chinese Markets Is Going All Wrong

•   Bloomberg: China’s World-Beating Bond Rally May Have Run Its Course

•   Bloomberg: Fed Watchers Increase Calls for 2022 Hikes, BoA Sees Seven Moves

•   Bloomberg: Corporate Debt Faces Threat From U.S. Mortgage Bond Weakness

•   Bloomberg: Commodities’ Dizzying Week Amid Fed, Nor’Easter in Five Charts

•   Bloomberg: Europe Coal Use Jumps as Costly Gas Turns Firms to Dirty Fuel

•   Bloomberg: Caterpillar Earnings Top Estimates as Price Gains Offset Supply Costs

※   CFO says company sees strong demand, slower China construction

•   Bloomberg: Volvo Flags Price Rises on Truck Demand, Supply Chain Costs

•   Bloomberg: The Cost to Reach Net Zero By 2050 Is Actually a Bargain

•   Reuters: EXCLUSIVE Russia moves blood supplies near Ukraine, adding to U.S. concern, officials say

•   Reuters: Merck's COVID-19 pill active against Omicron in lab studies

•   Reuters: China reports jump in COVID cases among Olympic athletes, officials

•   Reuters: Exclusive: China securities regulator met foreign banks to soothe economic concerns - sources

•   Reuters: Indonesia's restrictions on commodities rattle markets, more moves likely

•   Reuters: China's 2022 crude imports seen rebounding on new refineries, inventory refill

•   Reuters: Wind power supply chain disruption not a short-term affair-Siemens Gamesa CEO

•   Reuters: Analysis: Italy's Draghi may face a tough year after presidential wrangling

•   Reuters: Analysis: Argentina traders cheer IMF breakthrough, caution long road ahead

•   AP: EXPLAINER: Russia’s risky options beyond full Ukraine attack

•   AP: EXPLAINER: Why US sanctions may target individual Russians

•   AP: EXPLAINER: What’s known about ‘stealth’ version of omicron?

•   CNBC: Big swings in the market are more normal than investors might expect, but things could get worse

•   CNBC: How the fossil fuel industry is pushing plastics on the world

•   CNBC: Global smartphone shipment grew for the first time since 2017, new report says

•   MarketWatch: When to stop investing in the stock market? Wild price swings are shaking the resolve of some: Is it time to bail out of equities and bonds?

•   SCMP: China vows crackdown on iron ore speculators causing ‘abnormal’ price swings

•   SCMP: Explainer | China mega projects: 6 controversial infrastructure plans for the world’s No 2 economy

•   SCMP: The case against zero-Covid excesses: Chinese lawyers speak out

•   Global Times: Xi’s Chinese Lunar New Year address sends message of confidence, bravery and determination

•   Nikkei Asia: Japan's Kishida suffers 6-point drop in approval rating: Nikkei poll

•   Nikkei Asia: Japan to partner with U.S. on 6G standards for unmanned tech

•   Mainichi: Toyota heading to moon with cruiser, robotic arms, dreams

•   Economic Times: In 10 charts: State of Indian economy ahead of Union Budget 2022

•   Economic Times: India's Q3 manufacturing outlook improves, cost of doing business remains cause for concern: FICCI

•   Economic Times: Eyes on GDP forecast by Economic Survey despite recent misses

•   Economic Times: What do the economic indicators tell us?

•   MINING.com: Tesla’s not working on that $25,000 car – here’s why

•   Equipment Journal: Caterpillar expands CAT Command for Loading to skid steers and CTLs

•   Robotics & Automation News: Robots-as-a-Service or Software-as-a-Service: Which Technology Trend is the Future?

•   Robotics & Automation News: Elon Musk and his Tesla Bot: Will humanoid robots take over the world like all of science fiction predicts?

•   매경(P1): "이대로 가다간 거덜난다…나랏빚 증가속도, 선진국 2배" 정부 싱크탱크의 경고

•   매경(P1): [단독] 삼성전자 반도체 부문 "문과 신입도 코딩 배워라"

•   매경: 韓 눈덩이 빚에…피치 "중장기 국가 신용등급 압박"

•   매경(P1): 선넘은 北…설연휴 중거리 탄도미사일

•   매경: 北, 4년만에 최대 수위 도발…文 평화구상 '물거품' 위기

•   매경: 文, 1년만에 NSC회의 주재…"북한, 안보리결의 위배 모라토리엄 파기 근처"

•   매경: 코로나 신규확진 1만7532명…6일째 최다

•   한경(P1): 10대 로펌 매출 3조…기업 규제發 호황

•   한경: "집값, 대선 이후 다시 오르겠지만…" 전문가 5인의 전망

•   한경: 4월 끝나는 유류세 인하 연장 검토

•   한경: "2~3월께 코스피 2600 깨질 것…그때부터가 저가 매수할 기회"

•   한경: 3년째 벽에 부딪힌 용인공장…SK하이닉스 "플랜B 고민중"

•   한경: "핫도그 1만원 팔아 배달비 3000원 떼주면 뭐가 남나"

•   한경: 2차전지 효율 떨어뜨리는 '뒤틀림 현상' 해법 찾았다

•   서경(P1): [단독] 서울 '억'단위 집값 하락?…'증여성 특이거래' 늘었다

•   서경: "긴축 악재는 이미 반영…美-러 악화 안되면 2600이 바닥"

•   서경: 韓 "철강 수출 쿼터 폐지" 요구에…美 "공급 과잉 심각" 사실상 거부

•   서경: 상승·하락지표 혼재에 이상거래 착시효과까지…부동산시장 혼란

•   서경: "중국 절대 못 베낀다"…삼성, 두 번 접고 S펜까지 장착

•   조선(P1): 경부고속 양재IC~화성 지하도로 추가 건설

•   조선: ‘백신 끝판왕’ 노바백스, 2월 중순부터 접종… 고위험군 우선

•   조선: [단독] 확진 50만명 살펴보니 93% 무증상·경증, 발열보다 기침 많아

•   조선비즈: 하루 10만명 넘는다는데… 오미크론 얕보면 안 되는 이유

•   조선비즈: [세종풍향계] 이재명 처럼 윤석열도 퍼주기 공약… 기재부 예산실 ‘속앓이’

•   조선비즈: [단독] 靑 “경제활성화 영향”이라던 60兆 초과세수... 국회예산정책처 “집값 급등 때문”

•   조선비즈: [기업 죄는 족쇄]① “자고 나면 규제”… 文정부 의원입법 하루 5건씩 쏟아져

•   조선비즈: [설 이후 부동산]③ 대전·충북은 강세 예상… “세종은 조정 이어질 듯”

•   조선비즈: [스마트카 시대]① 출근하면서 화상 회의… 곧 현실이 될 미래

•   중앙(P1): 오미크론 대확산, 동네병원서 ‘원스톱’ 진료

•   중앙: 집값 하락세지만 새 정부 규제 완화 변수, 호시우보 해야

•   중앙: “코스피 2500까지 추락” vs “저평가 구간 진입, 반등 가능”

•   중앙: 전세계 원전 432기 건설 추진, ‘팀코리아’ 수주 총력전

•   동아: 매장-공장서 사람과 협업하는 로봇… “안전지능 없으면 흉기”[허진석의 ‘톡톡 스타트업’]

•   문화(P1): 흔들리는 ‘K-배터리 패권’…“경쟁국 대비 정부 인센티브 열악”

•   문화: 美·中·日, ‘차세대 2차전지’ 자원무기화 박차… 韓 따라잡힐판

•   문화: ‘K-배터리’ 주도 3사, 글로벌 파트너사와 공격적 투자

•   문화: 폐배터리 재사용 ‘사용후 이차전지’도 초격차 기술확보 시급

•   한국(P1): 최대실적에 성과급 vs 버틸 힘도 없다… 더 잔인해진 코로나 두 번째 설

•   경향(P1): 기시다 “내달 1일 각의서 추천 승인”…일본, 사도광산 세계유산 신청 강행

•   헤럴드경제(P1): 쓰레기에서 미래 캔다…‘트래시 인더스트리’ 아세요? [헤럴드 뷰]

•   헤럴드경제: 폐플라스틱에서 기름 뽑고…폐배터리서 광물 캐낸다 [헤럴드 뷰-트래시 인더스트리]

•   아시아경제(P1): 포스코, 지주사 체제 전환…"산업 격변기, 미래 성장 동력 확보할 것"

•   연합: 오후 9시까지 전국서 1만5천142명 확진…또 동시간대 최다기록

•   연합: '반도체의 봄' 빨리 올까…D램 가격 반등 시기는

•   e대한경제: 83.6만호 공급계획 ‘2·4대책’ 1년…50.3만호 공급 후보지 발굴

•   e대한경제: 구광모의 ‘전장 사업’ 올해는 적자 고리 끊을까…흑자 전환에 쏠리는 눈

•   더구루: "두산밥캣 한판 붙자" 현대두산인프라코어, 美 소형건설장비 시장 공략 강화

•   비즈니스포스트: 두산중공업 사우디 주단조공장 건설 1조 수주 눈앞, 낙찰통지서 접수

[Opinions]

•   Project Syndicate(Joschka Fischer): Ukraine and the Future of Europe

•   Project Syndicate(Minxin Pei): How China Views the Ukraine Crisis

•   Project Syndicate(Patrick Reinmoeller, Karl Schmedders): Why the NFT Market Will Collapse

•   FT(Editorial Board): A very different Beijing Olympics

•   FT(Editorial Board): Headline inflation may not tell the full story

•   FT(Rana Foroohar): Automation exacts a toll in inequality

•   FT(Martin Sandbu): The EU should rewrite its fiscal rules

•   FT(Tony Barber): A selfish Italian political class avoids disaster at the last minute

•   FT(Katie Martin): Who is more scary for investors: Vladimir Putin or Jay Powell?

•   FT(Merryn Somerset Webb): A market crash will depend on which bit of the equation investors got wrong

•   FT(James Fontanella-Khan): Has the M&A party passed its peak?

•   FT(Anne-Sylvaine Chassany): Britain’s activism in Ukraine crisis rattles Paris and Berlin

•   WSJ(Editorial Board): The Economy That Might Have Been

•   WSJ(Editorial Board): Europe Brings a Lawsuit to a Trade Fight

•   WSJ(Peggy Noonan): The Ukraine Crisis: Handle With Care

•   WSJ(Mary Anastasia O’Grady): Putin Is Already in Cuba and Venezuela

•   WSJ(Bryan Clark, Michael Doran): Why Russia and China Build Up Iran

•   NYT(Paul Krugman): How Crypto Became the New Subprime

•   NYT(Paul Krugman): Wonking Out: Are We in Another Housing Bubble?

•   NYT(Yulia Latynina): Putin Is Caught in a Trap of His Own Making

•   WP(George F. Will): Biden proposes saddling an already struggling Federal Reserve with two political activists

•   WP(Fareed Zakaria): Not everything is going Putin’s way on Ukraine

•   WP(John Sipher): Invading Ukraine backfired on Putin once. Why is he threatening to do it again?

•   WP(Dexter Roberts): China’s true ambitions, and what they mean for the U.S.

•   Bloomberg(Editorial Board): Federal Reserve: Fed Chair Jay Powell's New Course Is Good – For Now

•   Bloomberg(Justin Fox): How U.S. Income Tax Policy Became Mostly About the 1%

•   Bloomberg(John Authers): We're Sloshing Toward Economic Regime Change as Inflation Brings Displacements

•   Bloomberg(John Authers, Lisa Abramowicz): Ending High Inflation Won't Be Pretty for the Fed or the Stock Market

•   Bloomberg(Robert Burgess): The Most Important Number of the Week Is Seven

•   Bloomberg(Julian Lee): OPEC+ Is Being Way Too Optimistic About Its Supply Targets

•   Bloomberg(Brooke Sutherland): Industrial Strength: CEOs Are Still in the Mood to Spend Despite Inflation

•   Bloomberg(Hal Brands): U.S. Isn’t Ready for Nuclear Rivalry With China and Russia

•   Bloomberg(James Stavridis): Putin, Ukraine Crisis Help Macron Make the Case for a European Army

•   Bloomberg(Lara Williams): Stopping Putin Means Hitting Him Where It Really Hurts

•   Bloomberg(Lisa Abramowicz): Stopping Putin's Ukraine Threat Means Hitting His Wallet

•   Bloomberg(Javier Blas): The Coal Industry Is Losing Market Share But Not Polluting Power

•   Bloomberg(Margaret L O'Sullivan): Russia May Use Oil Weapon Responding to Ukraine Sanctions

•   Bloomberg(Minxin Pei): China Can’t Afford to Decouple from the West

•   Bloomberg(Rachel Sanderson): Draghi Isn’t Italy’s President. That’s a Good Thing

•   CNN(Brian Deese): The US is starting to make a manufacturing comeback. Here's how to sustain it

•   Fox News(Stephen Moore): Most dangerous virus? Biden's runaway government spending

•   Fox News(Judith Miller): Putin's aggression behind sea change in Ukrainian attitudes toward Russia

•   Fox News(Tom Cotton): Biden's weak-kneed appeasement provokes Putin, America's enemies

•   Fox News(Keith Kellogg): Biden's weakness emboldens Putin amid Ukraine crisis

•   Conversation(Howard Yu): Intel can’t even grow profits during a global chip shortage – where did it all go wrong?

•   매경(정승환): ESG로 탄소중립 달성하자

Business Intelligence Monitor 220128

(Introduction)

[Markets]

•   Global: Dollar gains as Wall Street retreats on future Fed hikes

※   U.S. stocks lose early momentum, end lower

※   Dollar hits highest level since July 2020

※   Gold falls to two-week low

•   Natural gas: U.S. Natural Gas Abruptly Surges Most on Record in Short Squeeze

•   Metals: Dollar rise drags copper lower on hawkish US Fed comments

•   Grains: Soybeans hit 7-month high on supply worries; firm dollar sinks wheat

•   한국: '검은 목요일' 코스피 2,610대로 추락…FOMC·LG엔솔에 '휘청'

•   한국: 원화값 1200원 놓고 당분간 공방…외환당국 추가개입 시사

[Indicators]

•   US Q4 GDP: U.S. Economy Grows as Fourth-Quarter GDP Shows Strongest Year in Decades

※   Economists expect growth to slow this year on weaker consumer spending, persistent supply shortages

※   BEA: Gross Domestic Product, Fourth Quarter and Year 2021 (Advance Estimate)

※   WSJ: America’s Economy: Stocking Up and Looking Up

•   US Dec. Durable goods orders: U.S. Durable Goods Orders Post First Decline in Three Months

•   US Dec. Pending home sales: U.S. pending home sales fall for second straight month in December

•   US Weekly Jobless claims: Job Market Appears Healthy Despite Omicron Headwinds

•   UK 2021 Car production: U.K. Makes Fewest Cars Since 1956 Amid Chip Crunch, Virus Hit

•   China Dec. Industrial profits: China's Dec industrial profits grow at slowest pace since April 2020

•   India Jan. Consumer sentiment: Consumer sentiment improves in January by 3.9% after a dip in December: CMIE

•   Taiwan Q4 GDP: Taiwan Economy Grows Fastest Since 2010 as TSMC Gives Boost

•   Philippines Q4 GDP: Philippines Economy on Pace to Pre-Pandemic Levels This Year

•   South Africa Benchmark rate: South Africa Hikes Key Rate and Signals Fewer Increases Ahead

•   한국 12월 사업체노동력: 지난달 숙박·음식업 종사자수 5만명↑…2개월 연속 증가

•   한국 주간 아파트 가격(부동산원): "호가 낮춘 매물 쌓인다"…서울 아파트값 1년8개월 만에 하락

[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: Fresh Russia-Ukraine Talks Point to Possible Off-Ramp in Crisis

※   Two sides are in discussions to revive a dormant agreement that Ukraine fears could represent a ‘Trojan horse’ to give Russia sway in its future

•   WSJ: Russia Sends Medical Units to Ukrainian Front

•   WSJ: Ukraine’s Bulked-Up Military Is Still Outgunned by Russia

•   WSJ: As Russia Threatens Ukraine, Europe Scrambles to Secure Gas Supply

•   WSJ: China Calls for Calm From U.S. on Ukraine

•   WSJ: Prepare for an Unsettling Monetary Tightening Cycle

•   WSJ: Jerome Powell’s Comments Over the Past Year Show Mounting Inflation Concerns

•   WSJ: Biden Pledges to Nominate Black Woman to Supreme Court

•   WSJ: Covid-19 Curbs Eased Further in Europe as New Version of Omicron Spreads in Places

•   WSJ: Covid-19 Vaccine Booster Shot Cuts Omicron Death Risk by 95%, U.K. Study Shows

※   The analysis was done for people 50 and older, the population at highest risk of severe illness and death

•   WSJ: Beijing Steps Up Covid-19 Control Measures Ahead of Lunar New Year, Winter Olympics

•   WSJ: Behind the Stock Market Turmoil: A High-Speed Investor U-Turn

•   WSJ: What’s Behind Wall Street’s $100 Oil Forecast?

※   Dwindling inventories in the developed world, rising demand and doubts about OPEC’s output are supporting predictions for higher crude

•   WSJ: Apple Posts Record Quarterly Results Despite Parts Shortages

※   CEO Tim Cook said supply constraints are improving after issues hindered sales

•   WSJ: Renault-Nissan Alliance Plans $25.7 Billion in Electric Vehicle Spending

•   WSJ: AMD’s Planned Purchase of Xilinx Clears Last Big Regulatory Hurdle

•   NYT: How full is the U.S. recovery? Inflation’s impact obscures the answer.

•   NYT: Growth Is Surging in Biden’s Economy. Why Don’t Voters Feel Better?

•   NYT: A ‘NATO Nerd’ Thrown Into the Crisis Over Russia and Ukraine

•   NYT: How Russia Has Increased Its Military Buildup Around Ukraine

•   NYT: Can Biden Avert a Crisis With North Korea?

•   WP: Democrats look for bipartisan deal on China economic bill as rest of agenda founders

•   WP: Russia signals little optimism on resolving crisis as the West races to shore up support for Ukraine

•   FT: Brussels challenges China at WTO over block on Lithuania imports

※   EU brings case against ‘discriminatory and illegal’ action triggered by dispute over Taiwan

※   European Commission: EU refers China to the WTO following its trade restrictions on Lithuania

•   FT: New Russian gas projects face sanctions if Ukraine attacked

※   EU and UK proposals being drawn up with US support would curtail financing and technology transfer

•   FT: Russia has ‘little cause for optimism’ after US rejects its Nato demands

•   FT: Ukrainian frontier city weighs threat of renewed Russian aggression

•   FT: How Germany went from Europe’s economic locomotive to its laggard

•   FT: Italy seeks solution to Draghi conundrum

•   FT: UK-EU trade talks put on pause as Johnson uncertainty persists

•   FT: UK coronavirus cases tick up 10%, symptom tracker app shows

•   FT: Sunak’s tax-raising Budget helped drive up inflation, say MPs

•   FT: UK car industry warns of higher prices amid rising energy costs

•   FT: UK welfare system rules shaken up in drive to tackle labour shortage

•   FT: UK commits £100m to proposed Sizewell C nuclear plant

•   FT: Japan’s tight border rules threaten foreign investment, business groups say

•   FT: Bitcoin moves in lockstep with US stocks as big traders enter market

•   FT: Pricey investments spell ‘nightmare scenario’ for oil companies

•   FT: Supply chain crisis the only drag on Apple’s enormous growth

•   FT: Oaktree risks showdown with Beijing over Evergrande debt

•   Bloomberg: Harris’s Quick Hello to Taiwan Vice President Risks Irking China

•   Bloomberg: Energy Transition Drew Record $755 Billion of Investment in 2021

•   Bloomberg: Russia Sees Nuclear Deal Being Reached Next Month: Iran Snapshot

•   Bloomberg: Game Theory Shows Path to Avoid Russia War in Ukraine

•   Bloomberg: Fed Kicks Off Most Aggressive Global Tightening in Decades

•   Bloomberg: Fed Should Sell Bonds, Not Just Let Them Roll Off, Pozsar Says

•   Bloomberg: Powell’s Hawkish Determination Is Firing Up Bets on the Dollar

•   Bloomberg: EU ‘Climate Bank’ May Shun Green Label Plans on Gas, Nuclear

•   Bloomberg: EU Lawmaker Seeks Changes to Carbon Market Reserve Proposal

•   Bloomberg: U.K. Business Closures Rise 14% as Pandemic Hits Small Firms

•   Bloomberg: U.K. Won’t Face 1970s Style Wage-Price Spiral, Goldman Says

•   Bloomberg: Ukraine’s Ports Brace for More Economic Hardship in Russia Conflict

•   Bloomberg: China Says U.S. Failing to Meet Agreements From Biden-Xi Summit

•   Bloomberg: China Weighs Breaking Up Evergrande to Contain Property Crisis

•   Bloomberg: How Evergrande Group Became China’s Big Financial Nightmare

•   Bloomberg: These Indicators Show Whether China Housing Clampdown Is Easing

•   Bloomberg: As the Fed Hikes, China’s Central Bank Seizes the Moment for Stimulus

•   Bloomberg: China Summons Manufacturers After Prices of Rare Earths Surge

•   Bloomberg: ‘Stealth’ Omicron Variant Is Behind Major Hong Kong Outbreak

•   Bloomberg: Malaysia’s New Covid Cases Top 5,000 Again as Omicron Spreads

•   Bloomberg: IMF Payment Deepens Divide Within Argentina’s Ruling Bloc

•   Bloomberg: U.S. Housing Market Gained Almost $10 Trillion During Pandemic

•   Bloomberg: Record Commodity Prices Bolster Case for Fed’s Hawkish Tilt

•   Bloomberg: China’s Local Government Bond Sales Fall Short of Expectations

•   Bloomberg: Fed’s Hawkish Roadmap Sets the Path for Peers in Recovering Asia

•   Bloomberg: Chipmakers Crash as Intel, Lam Research Outlooks Disappoint

•   Bloomberg: Energy Transition Drew Record $755 Billion of Investment in 2021

•   Bloomberg: Hedge Funds See No End to Carbon Rally After Last Year’s Surge

•   Reuters: Germany's Scholz to meet Biden, discuss Ukraine and COVID

•   Reuters: U.S. urges China to use influence with Moscow over Ukraine

•   Reuters: Germany reports new daily record for COVID-19 infections

•   Reuters: German parliament approves climate spending with unused COVID support funds

•   Reuters: UK spending edges up after more people go out as Omicron eases

•   Reuters: Indonesia to allow only compliant firms to restart coal exports when ban ends - official

•   Reuters: Saudi Arabia may raise March crude oil prices for Asia

•   Reuters: Musk's bets on Tesla: human-like robots and self-driving cars

•   Reuters: Analysis: Investors look to prune portfolio risk as Fed hawkishness rules markets

•   Reuters: Analysis: 'Nimble' Fed narrows normalisation window for timid ECB

•   CNBC: ‘It’s anguish, it’s pain, it’s agony’ – here’s what it’s like to shop for a home in today’s tight housing market

•   CNBC: IMF sees potential for further market turbulence as central banks hike rates

•   CNBC: Market treated inflation like a ‘puppy dog’ and now faces multiple pullbacks, strategist says

•   Fox Business: Major US port hits container record as supply chain disruptions continue to roil US

•   SCMP: China debt: Beijing offers support to indebted Guizhou to ensure cash flow, boost investor confidence

•   SCMP: Lunar New Year lull to make supply chain ‘even worse’ amid factory closures, port delays in China

•   SCMP: China’s zero-Covid border rules going nowhere this year

•   Global Times: China to become high-income country no later than the end of 2023: economists

•   Nikkei Asia: Japan Inc.'s green shift in Southeast Asia hits renewable roadblocks

•   Nikkei Asia: China EV sales to 'make or break' Honda in next 5 years: executive

•   For Construction Pros: Factors Influencing 2022 Construction & Cement Growth: The Good, The Bad and The Better

•   DIGITIMES: Semiconductor equipment billings stay robust

•   DIGITIMES: Notebook shipments to drop 10% in 1Q22; demand rise for higher-end models, says Digitimes Research

•   Robotics & Automation News: Universal Robots reports record revenue of $311 million

※   Teradyne: Teradyne Reports Fourth Quarter and Fiscal Year 2021 Results

•   매경(P1): "TSMC 보고 있나" 이재용의 통큰 결단…반도체에 최소 70조 투자

※   삼성전자: 삼성전자, 2021년 4분기 실적 발표

•   매경: D램 기대 높인 삼성…매출 300조시대 연다

•   매경: 삼성은 반도체로, LG는 가전으로…전세계 매출 1위 찍었다

•   매경(P1): "생산 중단땐 끝장" 기업 방역 더 세진다

•   매경: "LG엔솔 안 팔고 버텼는데"…코스피 폭락에 오늘이 더 두렵다

•   매경: 빚투 파생상품 70조원 돌파…주가 폭락에 반대매매 급증

•   매경: "중대재해법 방화벽 쳐라"…기업들, 각자대표 체제로 속속 전환

•   매경: 수십개 하도급업체, 건설사에 안전예산 요구…노조는 막무가내 "안전관리자 우리 사람으로"

•   매경: "韓, 中 심기 건들순 없지만 미국과 對中전략 공유해야"

•   매경: 정부 우크라 대응TF 신설…원자재 가격 폭등에 대비

•   한경(P1): 초신선식품 새벽배송…물 만난 온라인 유통

•   한경: '주식의 적=금리인상'에 급락…강남 큰손들은 '분할 매수' 중

•   한경: "코스피 선물, 장기 조정 진입"

•   한경: "문재인 정부, 작년 쿼드회의 참석 거절"

•   서경(P1): [단독] 2·4 공급대책 1년…'2대 보완 카드' 꺼낸다

•   서경(P1): 윤석열 “주식 양도세 폐지”…증권거래세는 유지로 선회

•   서경(P1): 오미크론 방역 전환 앞두고 '자가진단키트' 품귀…‘제2 마스크 대란’ 오나

•   서경: "76곳 중 42곳 반대"...도심복합사업 철회 쉬워진다

•   서경: 도심복합사업 멈추면 공급 '빨간불'...동의율·분담금이 관건

•   서경: 홍남기 “조직 축소 없다”지만…세제실 분위기는 ‘흉흉’

•   서경: 이동걸 "3월 대우조선 컨설팅후 플랜B 결정"

•   조선: 태양광에서 원자력으로, 돈이 움직인다

•   조선: 쿵, 쿵, 쿵...비상걸린 중국경제, 회색 코뿔소 세마리가 나타났다

•   조선비즈: [막오른 중대재해법]① 검찰, 수사 역량 강화…대표이사 숨을 구멍 없다

•   조선비즈: 빨라지는 월세시대… “임대차법 2년 맞는 가을이 더 걱정”

•   조선비즈: [인터뷰] 獨 신재생에너지社 아·태 본부장 “민원으로 인한 규제가 큰 영향”

•   인베스트조선: 메모리 일부러 덜 판 삼성전자…파운드리 집중 위한 가격안정화 돌입

•   인베스트조선: 대기업 분할 상장 '일시 멈춤'…지주 청사진ㆍ주주 이익공유 이슈 수면 위로

•   중앙: [단독] 순방 동행 靑직원 확진…文 이례적 칩거 이래서였나

•   중앙: 중대재해법 체크리스트만 400개 “난수표냐”

•   동아(P1): 정부 “하루 확진 10만 갈것…거리두기 강화 안해”

•   동아: 정부 “오미크론, 콧물-두통 경증”… 중환자 줄어 위드코로나 모색

•   문화(P1): 새해들어 벌써 6번째… 北 미사일도발

•   문화: [단독]“檢·警, 성남FC수사 ‘이재명 당선무효’ 기다렸다 하려했다”

•   한국(P1): "위험한 작업 피하고… 돌다리도 두드리며 가자" 멈춰 선 공사현장

•   한국: "오미크론, 변이 많아 면역 회피력 뛰어나... 재감염 가능성 크다" [Q&A]

•   한국: [단독] 코로나 백신, 몇 번 맞아야 하나... "오미크론 이후 '갈아 끼우는' 백신 플랫폼 만든다"

•   한국: 원안위, '자동 정지' 한울 5호기 2주 만에 재가동 승인

•   머니투데이: "3경원 짜리 시장이 열린다"...최대 경제블록 RCEP 2월1일 발효

•   머니투데이: "LNG산업 성공경험을 수소경제에 이식" 에너지공기업 뭉쳤다

※   산업부: 에너지공공기관이 한데 뭉쳐 세계 최초로 청정수소 발전 전주기 생태계 구축

•   머니투데이: 서울 아파트 37만채 대출 한 푼도 못받는다…1년새 9만채↑

•   헤럴드경제: 신사업 따라가면 ‘현대차 미래’ 보인다

•   디지털타임스(P1): KDI도 놀란 집값 상승… 15년만에 최고상승률

※   KDI: KDI 부동산시장 동향 2021년 4/4분기

•   이데일리: 7년 만에 100MW도 못채운 풍력발전 보급…"풍촉법 국회 통과 시급"

•   이데일리: 풍력 선진국은…덴마크 `원스톱샵`, 英 `차액계약제`에 탄력

•   이데일리: 반올림 덕에…"작년 풍력 보급량, 하마터면 `0` 될 뻔"

•   연합: 오후 9시까지 전국서 1만1천804명 확진…어제보다 606명 적어

•   연합: 북한, 지대지 전술유도탄·순항미사일 시험발사 동시 공개

•   더구루: [단독] 현대두산인프라코어, 내년 3월 새사명 발표

•   더구루: 美, 원전 규제 푼다…소형 원전 시장 활짝

•   더구루: 두산 라인업 강화…초저공해 지게차 'D70S-9' 출시

•   에너지경제: 양이원영 "신한울 3·4호기 건설 안돼"…野 "이재명도 탈원전"

•   에너지경제: REC 가격, 6개월 새 두 배 올라 6만원대 눈앞…발전 공기업 등 ‘비상’

•   에너지경제: 전력 공기업, 경평 앞두고 ‘시름’…실적악화·평가지표 개편까지

•   에너지데일리: “재생에너지는 ESG·온실가스 감축의 중요 수단이다”

•   전자신문(P1): IT메가비전 2022, '트윈 트랜스포메이션'이 대세

•   전자신문: 부품업계 공급망관리 총력전...경영 화두로

•   로봇신문: 물류 로봇 특허 급증...연평균 29% 증가

[Opinions]

•   Project Syndicate(Hilary Appel, Jennifer Taw): Will Russia's Anti-NATO Gambit Succeed?

•   Project Syndicate(Charles Tannock): Russia's Likely Invasion Route

•   Project Syndicate(Andrew Sheng, Xiao Geng): How Much Has the Pandemic Cost?

•   Project Syndicate(Jean Pisani-Ferry): European Inflation Is Not American Inflation

•   FT(Edward Luce): Joe Biden’s Germany headache

•   FT(Martin Sandbu): The main objection to digital currencies is misguided

•   FT(Robert Armstrong): Jay Powell keeps his options open

•   FT(John Thornhill): The scramble for semiconductors is our era’s industrial Great Game

•   FT(Anjana Ahuja): Space-based solar power beckons as a new frontier for humanity

•   FT(Elga Bartsch): Europe should change fiscal rule book and aid ECB

•   FT(Izabella Kaminska): Do Tesla robots dream of infinite planetary resources?

•   FT(Philipp Hildebrand): The old inflation playbook no longer applies

•   WSJ(Editorial Board): The Fed’s Fledgling Inflation Hawks

•   WSJ(Editorial Board): Biden’s Berlin Gas Airlift

•   WSJ(Joseph C. Sternberg): Boris Johnson’s Partygate Is About the Economy

•   WSJ(Robert Hargraves): If You Want Clean Power, Go Fission

•   WP(Paul Waldman): Strong economic growth wrecks the GOP’s gloom-and-doom spin

•   WP(Josh Rogin): Putin is threatening to wreck Biden’s Asia strategy

•   Bloomberg(Daniel Moss): A Big Change Is Afoot. It’s Not Just a Rate Hike

•   Bloomberg(David Fickling): This Chinese Miner Could Kill the Battery Metals Boom

•   Bloomberg(Conor Sen): Biden's Economy Gives GOP Governors Money to Burn

•   Bloomberg(John Authers): Stock Markets Don’t Like Listening to Jay Powell

•   Bloomberg(Timothy L. O'Brien): Putin’s Wealth May Be Unreachable, But Russia’s Isn’t

•   Bloomberg(Lionel Laurent): France on Ukraine: Macron’s Bid for ‘Power Europe’ Runs Into Putin's Russia

•   Bloomberg(Leonid Bershidsky): Biden May Catch Putin in His Own Ukraine Trap

•   Bloomberg(Tim Culpan): TSMC’s Biggest Threat Isn’t an Intel Resurgence

•   Bloomberg(Javier Blas): Europe Will Continue to Struggle With Gas Prices Even After the Spat with Russia

•   Bloomberg(Jessica Karl): The World Needs to Stop Falling for Vladimir Putin’s Charms

•   MarketWatch(Rex Nutting): Hidden in the GDP report is proof that the air is already coming out of the economy

•   한경(이덕환): '탄소 포집'에 대한 장밋빛 환상