https://twitter.com/Schuldensuehner/status/1503699523021021184 #Russia/#Ukraine drives cash levels of Fund Managers asked by BofA to 5.9% from 5.3%, highest since Apr'20 (COVID) as investors got more cautious/bearish. This triggers Fund Manager Survey Cash Rule tactical "Buy" signal. US equity return 1mth +1.3%, +4% 3mths, +6.5% 6mths. https://t.co/7ijIA0UG4M via @Schuldensuehner
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Holger Zschaepitz
#Russia/#Ukraine drives cash levels of Fund Managers asked by BofA to 5.9% from 5.3%, highest since Apr'20 (COVID) as investors got more cautious/bearish. This triggers Fund Manager Survey Cash Rule tactical "Buy" signal. US equity return 1mth +1.3%, +4%…
https://twitter.com/Schuldensuehner/status/1505843477082513410 Good Morning from #Germany where #inflation pressures intensify even before the war in #Ukraine, which will push prices up a lot further. German PPI jumps 25.9% YoY in Feb. This was the highest increase ever since the start of the stats in 1949. PPI ex-energy rose 12.4% YoY. https://t.co/mOD9IFdBG1 via @Schuldensuehner
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Holger Zschaepitz
Good Morning from #Germany where #inflation pressures intensify even before the war in #Ukraine, which will push prices up a lot further. German PPI jumps 25.9% YoY in Feb. This was the highest increase ever since the start of the stats in 1949. PPI ex-energy…
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https://twitter.com/Schuldensuehner/status/1509560830739767305 #Russia’s central bank said its FX and gold reserves plunged by $38.8bn since peaking in Feb, giving the first glimpse into its holdings since the invasion of #Ukraine. The stockpile shrank to $604.4bn as of Mar25, the lowest level since last August. https://t.co/mOfHnSWEDH https://t.co/KtSkanVQhS via @Schuldensuehner
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Holger Zschaepitz
#Russia’s central bank said its FX and gold reserves plunged by $38.8bn since peaking in Feb, giving the first glimpse into its holdings since the invasion of #Ukraine. The stockpile shrank to $604.4bn as of Mar25, the lowest level since last August. fin…
https://twitter.com/Schuldensuehner/status/1509787492400209920 #IMF warns #Russia sanctions threaten to chip away at Dollar dominance as the Dollar's share of global FX reserves has dropped to 58.8%, a fresh All-Time Low, at end-2021 and so even before the war in #Ukraine and the Western sanctions. https://t.co/AqQAug4YYQ https://t.co/iEQBkNPKus via @Schuldensuehner
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Holger Zschaepitz
#IMF warns #Russia sanctions threaten to chip away at Dollar dominance as the Dollar's share of global FX reserves has dropped to 58.8%, a fresh All-Time Low, at end-2021 and so even before the war in #Ukraine and the Western sanctions. reuters.com/business/imf…
https://twitter.com/Schuldensuehner/status/1513204204776706048 With up to 15,000 Russian soldiers killed, hundreds of vehicles destroyed and an attempt to overwhelm Kyiv in tatters, Putin has given himself four weeks to achieve some sort of a victory in #Ukraine before the big Russian “Victory Day” holiday on May 9. https://t.co/jt24vNkCl4 https://t.co/zdud6eO5hF via @Schuldensuehner
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Holger Zschaepitz
With up to 15,000 Russian soldiers killed, hundreds of vehicles destroyed and an attempt to overwhelm Kyiv in tatters, Putin has given himself four weeks to achieve some sort of a victory in #Ukraine before the big Russian “Victory Day” holiday on May 9.…
https://twitter.com/Schuldensuehner/status/1513777047495081984 Rebuilding back better – What will it cost to rebuild #Ukraine? Economists put the price tag so far at $220bn-540bn. Reforms will be needed, too. https://t.co/yb7NPcP8VG https://t.co/AIdGjbbRCq via @Schuldensuehner
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Holger Zschaepitz
Rebuilding back better – What will it cost to rebuild #Ukraine? Economists put the price tag so far at $220bn-540bn. Reforms will be needed, too. economist.com/finance-and-ec…
https://twitter.com/Schuldensuehner/status/1515305604818083840 Good morning from #Germany, where exports to #Russia have risen sharply shortly before the #Ukraine invasion. The latest trade statistics show that rolling 12-month exports to Russia rose to €27.5bn by the end of February, the highest 12-mth level since 2015. https://t.co/KmGc73ZOqO via @Schuldensuehner
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Holger Zschaepitz
Good morning from #Germany, where exports to #Russia have risen sharply shortly before the #Ukraine invasion. The latest trade statistics show that rolling 12-month exports to Russia rose to €27.5bn by the end of February, the highest 12-mth level since 2015.
https://twitter.com/Schuldensuehner/status/1516067744525041665 The World Bank cut its 2022 global growth forecast to 3.2% from 4.1% on #Russia’s invasion of #Ukraine and is planning a new $170bn crisis fund, bigger than the Covid response. https://t.co/h1pRmyjQzs https://t.co/VCnobFXyOg via @Schuldensuehner
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Holger Zschaepitz
The World Bank cut its 2022 global growth forecast to 3.2% from 4.1% on #Russia’s invasion of #Ukraine and is planning a new $170bn crisis fund, bigger than the Covid response. bloomberg.com/news/articles/…
https://twitter.com/Schuldensuehner/status/1516902657729957888 A perfect storm of surging fuel and food prices, #Fed rate hikes and mounting debt is pushing emerging markets to the brink. #Turkey, #Egypt & Vietnam head the Bloomberg list of major emerging markets vulnerable to fallout from the war in #Ukraine. https://t.co/FQZkUNwNeP https://t.co/zMoNBGQeUM via @Schuldensuehner
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Holger Zschaepitz
A perfect storm of surging fuel and food prices, #Fed rate hikes and mounting debt is pushing emerging markets to the brink. #Turkey, #Egypt & Vietnam head the Bloomberg list of major emerging markets vulnerable to fallout from the war in #Ukraine. bloom…
https://twitter.com/Schuldensuehner/status/1519921189027782656 OOPS! #Inflation pressure intensifies in #Germany. Import Price jumps to 31.2% in March, highest since Sep1974 during the first #oil crisis. The current data are beginning to reflect the impact of the war in #Ukraine. https://t.co/Y8DXGbGOfZ via @Schuldensuehner
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Holger Zschaepitz
OOPS! #Inflation pressure intensifies in #Germany. Import Price jumps to 31.2% in March, highest since Sep1974 during the first #oil crisis. The current data are beginning to reflect the impact of the war in #Ukraine.
https://twitter.com/Schuldensuehner/status/1524656659213303808 Energy crisis in the making? European natural #gas prices jumped >13% as disruptions to a key transit route through #Ukraine and a move by Moscow to retaliate against sanctions ramped up the risk of supply cuts. Power prices (1y forward) hit highest this year! https://t.co/wGIjzERJ2w via @Schuldensuehner
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Holger Zschaepitz
Energy crisis in the making? European natural #gas prices jumped >13% as disruptions to a key transit route through #Ukraine and a move by Moscow to retaliate against sanctions ramped up the risk of supply cuts. Power prices (1y forward) hit highest this…
https://twitter.com/Schuldensuehner/status/1528638076792229888 Good Morning from Davos. On day1 of #WEF2022, #Ukraine is the big topic. President Zelenskiy will be the opening political guest. The First Deputy Prime Minister, Minister of Economy of Ukraine Yuliia Svyrydenko will talk about how Russia is using energy and hunger as a weapon. https://t.co/r5thD9brTp via @Schuldensuehner
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Holger Zschaepitz
Good Morning from Davos. On day1 of #WEF2022, #Ukraine is the big topic. President Zelenskiy will be the opening political guest. The First Deputy Prime Minister, Minister of Economy of Ukraine Yuliia Svyrydenko will talk about how Russia is using energy…
https://twitter.com/Schuldensuehner/status/1528981117650489347 In case you missed it: Veteran US statesman Kissinger tells global elite at #wef22 Ukraine should give Russia territory. Urged West to stop trying to inflict crushing defeat on #Russia forces in #Ukraine, it would have disastrous consequences for stability https://t.co/gbm6qKMVw3 https://t.co/KBsVt3gni4 via @Schuldensuehner
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Holger Zschaepitz
In case you missed it: Veteran US statesman Kissinger tells global elite at #wef22 Ukraine should give Russia territory. Urged West to stop trying to inflict crushing defeat on #Russia forces in #Ukraine, it would have disastrous consequences for stability…
https://twitter.com/Schuldensuehner/status/1529698223715192832 Kissinger vs. Soros on #Russia and #Ukraine: Two notable intellectual heavyweights offer dueling visions of world order at the #wef22. Their prescriptions are radically different, but their perceptions have much in common. https://t.co/77sCRZLkCe https://t.co/6DR61fV0sx via @Schuldensuehner
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Holger Zschaepitz
Kissinger vs. Soros on #Russia and #Ukraine: Two notable intellectual heavyweights offer dueling visions of world order at the #wef22. Their prescriptions are radically different, but their perceptions have much in common. wsj.com/articles/dueli…
https://twitter.com/Schuldensuehner/status/1529878440974897152 CRAZY! #Russia’s local bonds trade like war never happened. Russia’s 3rd interest-rate cut since it invaded #Ukraine has helped local bond prices rebound to levels seen before war. So-called OFZs rallied after CenBank move w/10y yield falling to lowest level since Feb10. (BBG) https://t.co/3ZccfNbvDx via @Schuldensuehner
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Holger Zschaepitz
CRAZY! #Russia’s local bonds trade like war never happened. Russia’s 3rd interest-rate cut since it invaded #Ukraine has helped local bond prices rebound to levels seen before war. So-called OFZs rallied after CenBank move w/10y yield falling to lowest level…
https://twitter.com/Schuldensuehner/status/1530441872912666625 Good morning from #Germany, where Germans are likely to become significantly poorer this year. Financial assets are expected to increase by only 2.3%, well below inflation of 7% due to #Ukraine war. In previous years, financial assets had risen by 6.7% & 8.4% respectively. https://t.co/BCsVpqODJ4 via @Schuldensuehner
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Holger Zschaepitz
Good morning from #Germany, where Germans are likely to become significantly poorer this year. Financial assets are expected to increase by only 2.3%, well below inflation of 7% due to #Ukraine war. In previous years, financial assets had risen by 6.7% &…
https://twitter.com/Schuldensuehner/status/1577046296103653376 Elon Musk sets off uproar in #Ukraine by tweeting his ‘peace’ plan in which he is urging Ukraine to seek a negotiated solution to the invasion by Russia -- and to cede Crimea for good. https://t.co/HsHwQXLxBR https://t.co/Rgl0m9OuI9 via @Schuldensuehner
https://twitter.com/Schuldensuehner/status/1624174279725047809 Moody’s cut #Ukraine’s rating to 2nd-lowest credit score at Ca on likely restructuring w/recovery in event of default in order of 35 to 65%. Estimates that real GDP contracted by ~30% in 2022 given very large costs in terms of human losses, population displacement, damage to econ https://t.co/msgF7Widnh via @Schuldensuehner
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Moody’s cut #Ukraine’s rating to 2nd-lowest credit score at Ca on likely restructuring w/recovery in event of default in order of 35 to 65%. Estimates that real GDP contracted by ~30% in 2022 given very large costs in terms of human losses, population displacement…
https://twitter.com/Schuldensuehner/status/1644074483458646016 #Ukraine cut to CCC from CCC+ by S&P, Outlook to negative from stable. Ukrainian govt has announced a plan to restructure its external debt by midyear 2024 and we therefore consider it likely that Ukraine will enter a distressed exchange on its commercial obligations, S&P says. https://t.co/CLad6emyS0 via @Schuldensuehner
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#Ukraine cut to CCC from CCC+ by S&P, Outlook to negative from stable. Ukrainian govt has announced a plan to restructure its external debt by midyear 2024 and we therefore consider it likely that Ukraine will enter a distressed exchange on its commercial…