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Mar 15 • 3 tweets • 2 min read
European #equities have seen record outflows last week to Wednesday with an outflow of $13.4bn. This is mostly driven by domestic European funds selling European equities ($12.6bn). data from: @EPFR
By contrast, US #equities saw $9.2bn in purchases by domestic investors while foreign funds (mostly European funds) sold $1.5bn of US equities last week. data from : @EPFR
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Apr 7, 2021
1. THREAD: Series by @GeneralTheorist
*To catch a falling knife: US Treasuries and the Fed*
The continued US deficit in 2021 puts Treasuries in focus, with 10y yield already having moved about 80bps higher to 170bps, & a number of weak primary auctions in Q1. What’s going on?
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Apr 6, 2021
Below @WSJ @jamestareddy released an article on #China #DigitalCurrency . Check out our Head of Asia Pacific, Grant Wilson's blogs on our Substack - Money: Inside and Out - on the subject (THEAD). Subscribe to our Substack at pinned tweet 📌#CBDC
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Jan 7, 2021
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Dec 4, 2020
November was a huge month for EM ex-China portfolio flows and many are wondering will this continue and what are the implications for EMFX and the dollar. THREAD @adam_tooze @MarketInterest @jturek18 1/5
On flows, it is important to keep both the cyclical and structural stories in mind. Flows to EM ex-China (especially equity flows) have been weakening for years. And increasingly China accounts for debt inflows equal to the rest of EM combined. @michaelxpettis @M_C_Klein 2/5
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Nov 11, 2020
(1/5) Senior Advisor @Brad_Setser has joined the Biden-Harris Transition Team as a member of the Office of the United States Trade Representative agency review team. As such, Brad will be on leave from his role at @ExanteData. #BidenHarris2020
(2/5) Brad joined @ExanteData in mid-2019. While with Exante, he remained on fellowship with @CFR_org. Brad has been analyzing global capital movements for more than 20 years, and we regard him as one of the world’s top experts on this topic.
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Exante Data Profile picture
Oct 7, 2020
(1/4) Update re #ECB Q-end balance sheet released today. Confirms adjustments to asset holdings which distorted the flow of asset purchases published Monday. *Applying these corrections shows PEPP purchases during wk ended 2 Oct were EUR13.1BN & total asset purchases EUR20.6BN*.
(2/4) This still represents a softening in the pace of net asset purchases from EUR29.5BN the previous week and the lowest for 4 weeks, but redemptions of EUR8BN across all programs during the week also weighed on the flow. Updated chart below:
(3/4) Eurosystem bank reserves/deposits increased EUR247BN during the week, driven by net EUR157BN increase in PETLTRO claims, EUR77BN reduction in gov deposits, & EUR12BN addition of liquidity due to asset purchases (adjusted.)
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