#Schuldensuehner : Tech is eating the world: Combined market cap of #FANGMAN (#Facebook, #Apple, #Netflix, #Google, #Microsoft, #Amazon, #Nvidia) hit fresh record at $7.6tn as Apple tops $2tn for first time ever. FANGMAN mkt cap now almost equal to combined GDP of #Japan and #India. https://t.co/Z7zCAgRSea

#Schuldensuehner : OUCH! #India’s economy posted the biggest contraction among major economies last quarter. GDP shrank by a whopping 23.9% in the three months to June from a year earlier. That’s the sharpest decline since the nation started publishing quarterly figures in 1996, BBG reports. https://t.co/rp03PcpHaD

#Schuldensuehner : 15 Asia-Pacific nations incl #China, #Japan & South Korea (BUT NOT #India) signed world’s largest free-trade agreement. Regional Comprehensive Economic Partnership (RCEP) covers 2.2bn people & 29% of global GDP, was signed by 10 ASEAN members & 5 partners. https://t.co/gDD7QMuqmB https://t.co/bmmYyEWdSj

#Schuldensuehner : BNP Paribas bullish on #India stocks, Sees Sensex Crossing 50,000. That would equate to a rise of ~8% from here. Doesn’t look too onerous given the Sensex has made avg annual gains of 10% over the past 10yrs. (via BBG) https://t.co/Rq4vRo4mpd

https://twitter.com/Schuldensuehner/status/1534457368662233093 #India hikes rates by 50bp (everyone thought an increase would happen today, although there was some debate about whether it would be 40bp or 50bp) and said future policy would no longer remain “accommodative”, signaling further tightening to come. (via @knowledge_vital) https://t.co/5E4AqYxqrB via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1544631594971021312 #Russia has pocketed at least $24bn from selling energy to #China & #India since Ukraine war started, showing how higher prices limiting efforts by US & Europe to punish Putin. India spent $5.1bn on Russian energy in 3 mths to end of May, >5 times YoY. https://t.co/p0twRiyPmM https://t.co/wZFmQ8tAOF via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1623272838768500737 OUCH! #India's Gautam Adani, who rose to become the world's third-richest person last year w/$43bn increase in personal wealth, has lost $63bn in wealth this year and now doesn't even rank among the top 20 on Bloomberg's rich list. https://t.co/e074Wv3vqs via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1626567127497940994 The turmoil engulfing Gautam Adani’s business empire may open the door to a democratic revival in #India, says George Soros. The crisis has put the spotlight on Modi’s relationship w/Adani who was once world’s 2nd-wealthiest but tumbled down the rankings. https://t.co/aVw4Zr56xN https://t.co/zRG5x19QlA via @Schuldensuehner