https://twitter.com/Schuldensuehner/status/1656561734092554241 #Germany has fallen further behind #France as an investment location or as investment platform. It is of little comfort that the decline in the UK and Spain has been even greater. #Turkey, #Portugal, #Poland & #Ireland were the big winners for foreign direct investments (FDIs). https://t.co/coMzPD9OPS via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656579081318678530 OOOPS! Consumer expectations for Eurozone #inflation rose „significantly” in March — bolstering case of #ECB officials who say rate hikes may need to persist beyond the summer. Inflation 3 years ahead seen at 2.9%, further above 2% goal. https://t.co/EZoJEGakEZ https://t.co/PnJGtC7NBt via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656657291079475204 OOPS! The initial US jobless claims saw a very large spike, jumping to 264k, up from 242K the prior week & compares to ~205k in early Jan). This is the highest level of claims since Oct 30, 2021. (via @knowledge_vital) https://t.co/KIAJwIdGnM via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656763822529564673 OOPS! #Fed emergency bank loans rise to $92.4bn from $81.1bn the prior week as loans from the Bank Term Funding Program (BTFP) rose to a fresh record $83.1bn, while borrowings from Fed’s discount window slightly rose to $9.3bn. https://t.co/iXvuE8szh0 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657008335881641984 Good Morning from #Germany, where the average working hours are the lowest in the OECD countries. On average, German citizens work 1,349 hours a year, compared to 1,791 hours in the USA. https://t.co/Hpo5SdlKMd via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657054510680887296 1 month US Treasury yield jumps as US at "significant risk" of default in first two weeks of June if Congress doesn’t address the debt ceiling, CBO said. BUT US can avoid default in July if Treasury can make it through June cash crunch. https://t.co/RjjgR5nTvY https://t.co/nnnWxlobh7 https://t.co/vNEHGQQMMG via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657062877528719365 #Google is catching up to #Microsoft in the race for AI. Google will start experimenting w/a more conversational search engine & has made its AI-powered chatbot available more broadly, comp said at its annual developer conference on Wed. The share price gained 11% this week. https://t.co/fv42OaYXVO via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657324720180670464 Good Morning from #Germany which announces a record €2.7bn in military aid for Ukraine, incl tanks & anti-aircraft systems, ahead of possible visit by President Zelenskiy. This is in addition to €7.4bn that Germany has provided so far in form of financial, humanitarian &… https://t.co/2AQ9Ss4x5p https://t.co/Jd0qPd8EWA via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657724872586305537 Good Morning from #Germany where the Greens heading for setback in tdy's election in city-state of Bremen, w/voters expected to punish them over concerns their climate policies will place excessive burden on households. At federal level, Greens have fallen to 16%, on par… https://t.co/IdKKKi97Sy https://t.co/OWBlvNAHBG via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657779400971112452 Scholz's SPD wins Bremen regional vote on 29.5% (+4.6ppts), German CDU party 2nd in Bremen on 25.5% (-1.2ppts); Greens drop to 12.5% (-4.9ppts), acc to ARD exit poll. https://t.co/P9zNIDn0v1 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657783925555568642 Who is right, Mr. (Bond) Market or Mr. (Stock) Market? CDS prices jump as fears of a US debt default are mounting w/the deadline to lift the borrowing limit looms. But stock market investors remain complacent as the low Vix shows. https://t.co/xiZLTb77Yo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657818335902421002 The increase in borrowing costs since SVB failed corresponds to a 200bps permanent Fed hike for regional banks and 50bps permanent Fed hike for large banks, Apollo's Slok. Weighing these estimates together gives an econ-wide Fed tightening of >100bps for entire banking sector. https://t.co/YhjXM8xTL0 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1657905917201973250 Erdoğan and Kılıçdaroğlu locked in tight race for Turkish presidency. #Turkey’s presidential election has turned into one of the world’s most important pol contests this year b/c of massive implications for future of democracy in NATO member of 85mln people.… https://t.co/eiA1Xyv4Lk https://t.co/dSlBgGN6Ag via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658013496154439682 Good Morning from #Germany where Peak #Inflation narrative gets another favorite number: Prices in wholesale trade fell by 0.5% in April 2023 YoY. The first YoY decrease since Dec 2020 was mainly driven by mineral oil products (-15.7% YoY), scrap & residual materials (-31,5 %),… https://t.co/gMLk6msoam https://t.co/1qiGsRjgSz via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658022158658854912 EU raised Eurozone 2023 inflation forecast to 5.8% from 5.6%, 2024 inflation forecast to 2.8% from 2.5% as core inflation, which excl volatile energy & food prices, is proving more persistent. Eurozone GDP forecast lifted by 0.2pps to 1.1% for 2023, 1.6% for 2024 up from 1.5%. https://t.co/K6RVGsOsi6 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658037564639420418 #Turkey Lira on the way to 20 per Dollar following the presidential election as investors see an 80% chance that Erdogan will win the runoff, sending the country into a Balance of Payment crisis. https://t.co/rezhkF8CHz via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658081564285124620 Markets are not always right, as can be seen from the election results in #Turkey. Interest rate markets had put a relatively higher probability on an opposition win in the presidential election, pricing in an expected policy interest rate of close to 40% in one month’s time,… https://t.co/Jsg3A0KGze https://t.co/ndJ4r3CWHg via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658134636860416001 European natural gas prices dropped another 2% to €32/MWh, lowest level since Summer 2021. https://t.co/bvpPua7xK5 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658145118610763778 Mind the gap! The gap between #inflation and the key interest rate in #Turkey is unlikely to be closed anytime soon, w/current president Erdogan in pole position for the runoff election in two weeks. https://t.co/VXFgoPFkmL via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1658366996155596802 Good Morning from #Germany where the positive development of employment continues. Roughly 45.6 mln people were in employment in Germany in Q1 2023, an increase of 150,000 compared w/previous quarter and a fresh record. https://t.co/O0t0WSBr8Y via @Schuldensuehner