DAUD News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E605 From 08/02/21

China's economy moderated in July, according to the official PMI released over the weekend. South Korea reported strong July trade figures, even though exports and imports did not grow as fast (year-over-year) as expected. The eurozone flash July manufacturing PMI was revised to 6...

Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. China is doing what some of its critics were struggling to accomplish, namely, discourage further in...

Many large markets in the Asia-Pacific area fell by more than 1%, including Japan, Hong Kong, South Korea, and New Zealand. Singapore, India, and China's Shenzhen Composite were notable exceptions and posted minor gains. After reaching record highs yesterday, the Dow Jones Stoxx 600 h...

Chinese officials moved to calm markets. They did so by the regulators meeting with banks and trying to isolate the crackdown on private education while signaling that IPOs in the US are not banned. Germany reported a larger than expected decline in unemployment and what appears to be...

China's aggressive campaign has exploded on the international stage to become a major market force. Investors are continuing to try to make sense of Beijing's aggressive moves that appear to be a broad offensive that can only result in a slowing if not reversing of past efforts to int...

Reports today suggest China is considering a 10-25% tariff on steel exports starting in Q3 to rein in the sector. Interest in the eurozone's money supply figures has waned, perhaps as a result of the ECB's asset purchases and negative interest loans. The US 10-year TIP yield is at...

The price action in the foreign exchange and bond markets has been consistent with the risk-off narrative, spurred arguably by the surge in Delta mutation of the virus. At the end of last week, the ECB confirmed that the cap on dividends and buybacks for banks will be allowed to expir...

The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding. The ECB's new forward guidance signaled that bond purchases and low rates will prevail until the staff forecasts that the 2% target can be sustained. Discussions about the p...

The dovish ECB's forward guidance and the unexpected rise in weekly US jobless claims to a two-month high sent bond yields tumbling. The US 10-year pulled back from 1.30%, and benchmark yields in the eurozone fell to new 3-4 month lows. New record virus cases in Sydney cast a pall ove...

On July 5, Deputy Prime Minister Aso explicitly went further than Washington and pledged Japan would come to the aid of Taiwan if it were invaded by China. A week later, Japan's annual security review was published, noting for the first time that stability around Taiwan was a signific...