This year’s surge in fuel prices has governments around the world searching for ways to offer relief and, in some places, suppress uprisings. Many already have subsidies in place and are expanding them. Some governments have long regulated prices. Across much of Europe, fuel taxes have been slashed. Other nations are doing nothing at all. Here’s a look at the policies in force in 51 countries around the world.

함의: 에너지 위기에 정부가 적극 지원하는 국가가 있는 반면, 아무런 조치도 없는 국가도 있음.

Copper is heading for its steepest weekly decline since the early months of the coronavirus pandemic, with fears mounting of a recession that could destroy global demand for industrial commodities. The metal used in everything from home wiring to electric vehicles has racked up a decline this week of nearly 10%. That’s not far off the 12% slump in March 2020, when investors were grappling with the dramatic early consequences of Covid-19’s spread around the world. 

함의: 모든 산업에 널리 사용되는 구리 가격이 침체 공포로 주간 -10% 하락하며 2020년 3월 -12% 하락 이후 최대 낙폭을 보임.

A giant bet against European stocks by Bridgewater Associates is starting to pay off. The world’s biggest hedge fund firm now has about $9.4 billion worth of wagers against 26 companies in Europe’s large-cap Euro Stoxx 50 index, according to data compiled by Bloomberg. Since Bridgewater’s initial bets were disclosed last month, the gauge has lagged major equity benchmarks in the US, the UK and Japan. 

함의: 브리지워터가 유럽 26개 대형주에 쌓아 둔 94억 달러 규모의 포지션이 수익을 보기 시작하고 있음.

Italian stocks were not having an easy 2022 to start with. Add an idiosyncratic political crisis to the list of reasons why the FTSE MIB can easily keep its noscript of the worst-performing European benchmark of 2022. While the FTSE MIB is rising today, on Thursday it slumped over 3% as the Italian government lurched toward collapse. Mario Draghi’s resignation offer adds to the economic and energy crises and fragmentation headwinds the stocks already faced.

함의: 예정에 없던 선거도 만들 기미를 보이며 유럽 최악의 벤치마크 타이틀을 잃지 않는, 전혀 달콤하지 못한 인생을 보내는 그곳, 아! 이탈리아.

US retail sales climbed in June by more than forecast in a broad advance, suggesting resilient consumer spending despite decades-high inflation and raising the prospects of an even larger Federal Reserve interest-rate hike this month. The value of overall retail purchases increased 1%, after an upwardly revised 0.1% decline in May, Commerce Department figures showed Friday. The figures aren’t adjusted for inflation.

함의: 높은 인플레이션에도 소비가 매우 강함에 따라 큰 폭의 금리인상에 무게를 더함.

The pandemic bubble in TMT stocks mostly “appears to have corrected, hinting at greater stabilization for broader equities,” Gina Martin Adams, BI’s chief equity strategist, and her colleague Michael Casper wrote in a research note. “The tech sector’s push toward average valuations might signal an impending bottom for the market at large.”

함의: 바이러스 확산기에 발생 한 TMT 버블이 모두 조정된 것으로 보이며, 이는 시장 전반의 바닥을 암시함.

Amid the data dump this morning, investors may be relieved to see the New York Fed Empire Index prices paid gauge dropping to the lowest since February 2021. It remains to be seen how quickly that translates into an overall decline in price growth for consumers-- but nonetheless offers some comfort for markets and the Fed that inflation may be peaking.

함의: 지급 항목의 축소가 2021년 2월 이후 최저로 하락, 얼마나 전반적으로 확산될지 알 수 없으나 물가 변곡점에 희망을 줌.

No, BMW, We Shouldn’t Have to Pay Extra to Heat Our Seats. With temperatures soaring and many Europeans hitting the road for a beach vacation, toasty car seats were until this week blessedly far from most of our minds. Yet suddenly BMW AG finds itself embroiled in blistering row over plans to charge car owners $18 a month to warm their derrières. Reports that the German automaker wants drivers in the UK, France, Germany and elsewhere to purchase a software update unlocking the seat-warming functionality  — which will otherwise remain unavailable, despite all of the necessary hardware already being built into their cars — triggered an immediate online backlash.

함의: 기능을 구현하는 하드웨어는 이미 내장되어있음에도 구독에 따라 락이 걸리는 요금제 발표에 경악.

Stocks climbed after data showed the lowest reading in a year for longer-term inflation expectations, which could ease pressure on the Federal Reserve to raise rates more aggressively.

Walt Disney Co.’s ESPN will raise the price of its streaming service by 43% next month, betting that it can help cover the escalating cost of sports rights without losing subscribers who are grappling with soaring inflation. Starting Aug. 23, the cost of an ESPN+ subnoscription will jump to $9.99 a month from $6.99, or to $99.99 a year from $69.99. ESPN says the price increase reflects the growing amount of live sports and original programming on the streaming service.

함의: 하... 구독료.

"The more I study, the more insatiable do I feel my genius for it to be."

- Ada Lovelace

President Joe Biden said he expects further oil supply increases from Saudi Arabia to help tame fuel costs at home after a landmark meeting with the kingdom’s rulers. Biden’s trip didn’t result in an immediate pledge for a production hike, but US officials said they were confident that Riyadh would lead the OPEC+ alliance to an agreement for a gradual boost. 

함의: 그가 얻은 소득은 확약이 아니라 기약 없는 기대.

The dollar’s relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half. A gauge of Asian currencies has slumped to its lowest in more than two years, an ominous sign for equities given their strong relationship with moves in foreign exchange. The MSCI Asia ex-Japan Index has fallen 20% as foreign investors took $71 billion out of stock markets in emerging Asia outside China so far this year, already double the outflows in 2021.

함의: 달러와 증시 간 상관관계가 높은 아시아 증시에서 반년 간 710억 달러의 외국인 자금이 유출, 2021년 연간 유출액의 두 배를 넘어섬.