#Schuldensuehner : The U.K. economy grows at a slower-than-expected pace as the country begins to emerge from lockdown https://t.co/oHnpWpSRdN via @markets https://t.co/6HfQ94MPez

#Schuldensuehner : Global stock mkts retreat on recovery concerns as virus and Sino-US tensions flare. Asia and Europe lower after on a strong day turned sour in the last 2.5 hours on Wall St w/VIX rose 18%, largest jump since 11 Jun. Bonds steady w/US 10y yields at 0.63%. Gold 1801, Bitcoin 9.2k. https://t.co/xiWBYbxB5i

#Schuldensuehner : @AndresHeuberger Thx for your kind words. Starting Thursday there will be "Good Morning from Italy".

#Schuldensuehner : #Fed balance sheet dipped <$7tn, is now -3.5% below its peak. This reflects emergency pandemic liquidity facilities rolling off rather than anything structural. DB’s Zeng now thinks it will start to climb again w/QE to around $8.3tn by end-2020, double where it was at start-2020. https://t.co/G5ecz26VXl

#Schuldensuehner : #Fed’s balance sheet as a % of GDP is notably lower than the ECB and BoJ’s. If they were aligned, the Fed balance sheet would now be around $11tn and $25tn, respectively, DB has calculated. https://t.co/BWljbj4KqJ

#Schuldensuehner : 40k Robinhood users added #Tesla to their accounts over 4h span on Mon. 1d return may not have turned out so well. Tesla was up as much as 16% at one point before finishing 3% lower. Stock is trading at 166 times 2021 earnings, 20 times book, 7 times sales https://t.co/OZBpzKoF4y https://t.co/uUkWfVe1uk

#Schuldensuehner : Bank lending provides lifeline to business, JPM says: Domestic bank lending has surged across globe in 3mths through May, highlighting effectiveness of emergency supports. Surge in credit is to business. Restricted mobility & income supports have depressed household credit demand https://t.co/sAeoKlTW3W

#Schuldensuehner : Bank lending data show 2 speed recovery: US and the rest! Largest increase in bank lending took place in US, where loans jumped to 172%ar 3m pace through May. Increases in the Eurozone, UK & Japan were also strong, albeit in a more modest 20-40%ar range through May. (Charts JPM) https://t.co/f9SCA71fWo

#Schuldensuehner : #Copper, the red metal w/the PhD, has just turned golden. After a 3m rally driven by rising demand and escalating supply risks in South America, copper’s 50-day moving average topped its 200d counterpart to form a golden cross. (via BBG) https://t.co/BmEvPNpKac

#Schuldensuehner : Doubts about a V-shaped economic recovery in Germany are growing: German econ expectations fell to 59.3 in July from 63.4 in June, acc to ZEW institute. Surprisingly meagre improvement of current conditions highlights that economy is a long way from normality, HSBC says. https://t.co/o0V6PZobP0

#Schuldensuehner : Beim @welt Podcast #deffnerundzschaepitz gibt es keine Sommerpause. Wir haben uns spannende Gäste eingeladen. Das erste Sommerinterview haben wir gleich zwei Mal mit aktienmitkopf geführt. Und das hat sich gelohnt:… https://t.co/UcKkGgO2Yc

#Schuldensuehner : #ECB Balance sheet hit fresh ATH at €6,309.2bn just before this week's meeting as Lagarde keeps printing press rumbling. Total assets rose by another €20.2bn on QE. ECB balance sheet now equal to 53% of Eurozone GDP vs Fed's 32%, BoJ's 119% and BoE's 31%. https://t.co/vhdVjhR2sr

#Schuldensuehner : Dow jumps >500 points or 2% as investors digest first ok earnings from banks alongside yet another sign of improving business sentiment, & surprisingly strong inflation report for Jun. CPI posting first MoM increase since Feb on back of rebound in apparel, airfares, hotel lodging https://t.co/gXizBRfLzj

#Schuldensuehner : #ECB smashed through previous corporate bond-buying highs just ahead of this week's meeting. Company bond holdings increased by €3.3bn last week, almost €400m more than previous record in the four-year history of the bank’s so-called corporate sector purchase program. (via BBG) https://t.co/1TQFj50nXT

#Schuldensuehner : Biggest experiment in monetary history: BoJ balance sheet on course to 120% of #Japan's GDP. The question is where the tipping point lies at which confidence in the central bankers tips over. https://t.co/6l92YPlclx

#Schuldensuehner : Global stocks gain on Vaccine hopes but rising China-US tensions dampens mood. China equities lower as Beijing vowed retaliatory sanction against US. Bonds steady w/US 10y 0.62%. Euro rose to $1.14, a 4th high, on prospect of stimulus ahead of EU summit. Gold 1808, Bitcoin 9.2k. https://t.co/ebq06SvEW4

#Schuldensuehner : The everywhere rally can also be seen in commodities: Lumber has surged by a further 4% to reach its highest level since early 2018. https://t.co/RYkWOLGpTX

#Schuldensuehner : On the way to #Italy to help accelerate the V-shaped recovery and to reduce the record high Italian Target2 deficit with two kids devouring pizza and ice cream. And of course our rental is from bankrupt Hertz... https://t.co/rKzpcD8OHX