#Schuldensuehner : #Germany Oct. Flash Composite PMI drops slightly to 54.5, less bad than 53.3 expected as Manufactory PMI beat w/ rise to 58 vs 55 expected. BUT Services PMI dropped to 48.9, 4mth low, and way worse than expected 49.4. https://t.co/LTZvyp3z00

#Schuldensuehner : #Fed balance sheet hit fresh All-Time High. Total assets rose by $26bn from prior week, to $7.177tn on QE. Treasury securities rose by $25bn to $4.50tn. Now balance sheet equal to 37% of US's GDP vs #ECB's 66% and BoJ's 137%. https://t.co/wnBuNEPGc0

#Schuldensuehner : #Spain PM says the number of people who have contracted coronavirus likely tops 3mln, some 3 times higher than official data suggest. By citing the 3mln figure, Sanchez is highlighting how official data can drastically underestimate the scale of the spread https://t.co/D3wFqam22d https://t.co/8naT9zDl7e

#Schuldensuehner : #Italy new cases pass 19,000 as Cities start night-time curfew. Friday’s figures showed patients in intensive care units surpassing 1,000 for the first time since the pandemic’s peak, reaching 1,049. (via BBG) https://t.co/7FOO5Ip1tc

#Schuldensuehner : Both gold & bitcoin ETFs have been experiencing strong inflows this year. Potential long-term upside for #Bitcoin is considerable if it competes more intensely w/gold as „alternative” currency, given that Millennials become more important component of investors universe, JPM says https://t.co/Pd1jXa0GWK

#Schuldensuehner : Good morning from #Germany, which has the highest electricity prices in Europe. And they have continued to rise. In H1 2020 private households had to pay 31.9 cents per kilowatt on average, 6.8% higher compared to H2 2019. https://t.co/coKO63TAGg

#Schuldensuehner : Total mkt cap for #Bitcoin is $240bn, wealth stored in gold, excl those held by CenBanks, amounts to $2.6tn incl gold ETFs. Mechanically, mkt cap of bitcoin would have to rise 10times from here to match total private sector investment to gold via ETFs or bars and coins, JPM says. https://t.co/NwR028Zojq

#Schuldensuehner : #Bitcoin resurgence leaves institutional acceptance unanswered. Advocates still wait to see if big money-managers get on board w/Cryptocurrency >$13k. Fidelity remains most-prominent firm to explore the market. https://t.co/siCG7dqlu3 https://t.co/5cnkVo7jCU

#Schuldensuehner : @l8mal Für die Transformation zur E-Mobilität sind hohe Strompreise nicht gerade ein Segen.

#Schuldensuehner : S&P 500 erases weekly loss to -0.53% as global liquidity keeps rising. https://t.co/Un3zggYpZy

#Schuldensuehner : Mkt cap of #FANGMAN (#Facebook, #Apple, #Netflix, #Google, #Microsoft, #Amazon, #Nvidia) dropped 0.7% this week on disappointing Netflix subscriber numbers and as investors rotating into select value stocks and away from the FANGMAN mega-cap Tech complex. https://t.co/lXuNQ9PCXX

#Schuldensuehner : Good morning from #Germany where >200 banks have introduced penalty interest on retail deposits, some from the 1st Euro, to cover costs incurred by ECB’s neg rate for bank deposits. Even mobile Bank N26 has introduced penalty interest from €50k. https://t.co/IJqoA1qcjS via @welt https://t.co/16pB7p84g5

#Schuldensuehner : Hey guys, don't miss our @welt podcast. We discuss whether rising Coronavirus infections & lockdown measures will lead to a double-dip recession. We discuss whether VW is ready for the electric transformation & whether ID.3 can catch up w/Tesla. MUST HEAR! https://t.co/E7j1HO3YvN https://t.co/XrndlXX4J2

#Schuldensuehner : #Europe faces Double-Dip recession as #Italy introduced strongest virus restrictions since end of a national lockdown in May, & #Spain to impose national curfew as cases surge in the 2 countries at the epicenter of initial wave of the pandemic in Europe. https://t.co/4RADlP0Okf https://t.co/NISnDZS46x

#Schuldensuehner : Inflows to #ESG ETFs have surged to a record $22bn so far in 2020, already 3 times the 2019 total. The trouble is, the label isn’t policed by regulators, and no one can quite agree on how to weigh ESG components, resulting in some surprising fund holdings. https://t.co/v1PhxTxmsM https://t.co/X3kLSRqY0i

#Schuldensuehner : “Blue Wave” anticipation is rising in week of US elections w/Biden basket of US stocks is outperforming Trump basket by 66%, JPM has calculated. Main mkt risks remain sudden unexpected tightening in polls, or election outcome being less smooth than what seems currently hoped for. https://t.co/x6oXGlPEkZ

#Schuldensuehner : Good Morning from #Germany where the #Japanification narrative has strengthened as 2nd wave of Coronavirus hit the country and the ECB is expected to print even more money. 10y German Bund yields have dropped to -0.58%, continue mimicking #Japan's JGB's yields of the 1990s/2000s. https://t.co/4wkQIWxYv3

#Schuldensuehner : Good Morning from #Germany where the #Japanification narrative has strengthened as 2nd wave of Coronavirus hit the country and the ECB is expected to print even more money. 10y German Bund yields have dropped to -0.58%, continue mimicking #Japan's JGB's yields of the 1990s/2000s. https://t.co/4wkQIWxYv3

#Schuldensuehner : #Turkey’s Lira dropped below 8 per Dollar, a critical level psychologically as it extended its slide from Friday as country faces risk of US sanctions, disputes in the eastern Mediterranean and Caucasus and economic pain from the pandemic. (BBG) https://t.co/aYMu4bguPQ

#Schuldensuehner : European stocks set to suffer from further lockdowns w/WHO warning that some countries in the northern hemisphere are facing a “dangerous moment.” Spain declared a state of emergency and instigated a national curfew, while Italy tightened curbs as well. (via BBG) https://t.co/CEgFnuFn56

#Schuldensuehner : OUCH! SAP shares collapse after new lockdowns force cuts to revenue. Previous outlook incorrectly ‘assumed economies would reopen’ German software maker also delays longer-term financial goals https://t.co/bQQAZn0zTo https://t.co/cOAJ3mrrYP