DAUD News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E605 From 09/06/21

USD finished last week on a soft note but steadied at the start of the week, edging higher against nearly all major currencies. The Australian and New Zealand dollars were the weakest, off about 0.3%. The JP Morgan Emerging Market Currency Index snapped a six-day rally, its longest in...

The first full week of September is jam-packed. The highlights include the ECB meeting and China's inflation. The Reserve Bank of Australia and the Bank of Canada also meet. The key issue is that the ECB boosted its bond-buying under the Pandemic Emergency Purchase Program. The un...

China, Australia, and Japan reported disappointing August service and composite PMIs. The euro made a marginal new high for the move near $1.1885 in Asia and was sold to session lows near $1.1870 in the European morning. Economists in the Bloomberg survey looked for 700k private-s...

The markets are mostly in a holding pattern so far today, ahead of tomorrow's US jobs data and the PMI services and final composite readings. Australia's 2-year continues to flirt with zero, but the Australian dollar, helped by a record trade surplus, is leading the major currencies h...

The new month begins with risk appetites bolstered by stronger than expected PMI reports helping lift equity markets after the pause in the US yesterday. The flash EMU manufacturing PMI of 61.5 after 62.8 in July was close to the final reading of 61.4. The US dollar is trading ins...

The dollar has been sold against nearly all the currencies today. The risk-on mode to finish the month is evident in equities as well. Copper is up slightly for the third consecutive session and the seventh in the past eight. For further details see: 2 Major Surprises To...

There has been some follow-through activity after Fed Chair Powell's pre-weekend Jackson Hole comments. US futures indices are posting small gains. Gold poked through $1,823 briefly before succumbing to selling pressure. For further details see: Little Follow-Through Fro...

News of the deadly strike at the Kabul airport quashed risk appetites, sending equities lower and the dollar higher. European bonds are also trading higher, leaving yields soft. China's iron ore contracts finished the week with their fifth consecutive advance. For further de...

The bond market sell-off continues, with the US 10-year pushing above 1.35%, a 10 bp increase on the week. Japan extended the formal emergency to more prefectures and now covers the area where 70% of the population lives. Mexico reported a Q2 current account surplus of $6.3 bln, w...

US S&P 500 and NASDAQ set new record highs, and Asia Pacific markets moved higher, though there was profit-taking in Hong Kong on Chinese tech names. The Scottish National Party concluded a powersharing agreement with the Greens at the end of last week. The US dollar peaked be...