Global markets in Ri...from Zacktrading

Global markets in Risk On mode w/ US and European Futures higher on signs of potential progress toward fresh US fiscal stimulus. Bonds drop w/US 10y yields at 0.69%. Dollar lower w/Euro at $1.1744. Gold at $1893, Bitcoin $10.8k. #Risk-onSentiment# #Eurozone# #USDollarIndex#

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Hi from Germany, where 2nd wave of coronavirus infections is slowing down econ activity. Demand for public transportation plunges from a week earlier in most parts of Germany. In most densely populated region of Rhine Ruhr, it is now again >40% below pre-Corona level. #Germany# #investment#

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ECB ramps up balance sheet expansion. Total assets rose by a whopping €170.3bn to fresh ATH of €6,705.1bn as banks took €157bn in long-term loans, on QE (€20.5bn). End-of-quarter adjustments have slowed the rise somewhat. ECB Balance sheet now equal to 66% of Eurozone GDP. #ECB# #GDP# #Eurozone# #investment#

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Hi from Germany, where parts of middle class can no longer afford real estate. This is not only b/c of increased house prices but also b/c subprime loans have become unaffordable. Risk premium for loans w/o down payment has jumped to 0.83%. #Germany# #EconomicCalendar# #investment#

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