UEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480 From 06/15/20

Overview: The swing in the pendulum of market sentiment toward fear from greed began last week and has carried over into today's activity. Global equities are getting mauled. In the Asia Pacific region, no market was spared as the Nikkei's 3.5% drop, and South Korea's 4.7% fall led the way. ...

A phase in the markets that began in mid-May ended last week with a dramatic sell-off in stocks and risk-assets in general. The Federal Reserve confirmed what investors already knew. After all, the implied interest rates for the December 2021 Fed funds futures implied a negative yield at the...

Overview: Many observers are attributing the sell-off in risk assets today to the Federal Reserve's pessimistic outlook, yet, as we note below, the Fed's median GDP forecast this year is better than many international agency forecasts, including the OECD's that was issued yesterday. Moreover...

Overview: The pullback in US shares yesterday has not derailed the global advance. Japanese and Chinese markets were mixed, the Hang Seng slipped, and Indonesia was hit with profit-taking, but the MSCI Asia Pacific Index eked out a small gain. It has fallen once in the past two and a half we...

Overview: The S&P 500 turning higher on the year was the last straw before an arguably overdue bout of profit-taking kicked-in and is the dominant feature today in the capital markets. It began slowly in the Asia Pacific region. Equities were mixed, and Australia's 2.4% rally and the 1.6...

With so many countries across the world facing difficulties, many people have yet to notice the Euro-Zone has become a place where hope goes to die. The last round of elections in the Euro-Zone should bring little comfort to those supporting a stronger Europe. Huge gains were made by forces se...

Overview: The MSCI Asia Pacific Index rose for a sixth consecutive session. Japan, Taiwan, Singapore, and Indonesian markets advanced more than 1%. European bourses are mixed, with the peripheral shares doing better than the core, leaving the Dow Jones Stoxx 600 about 0.5% lower near midday ...

A 10 million-beat on the May non-farm payrolls failed to trigger much dollar demand. Indeed, the dollar fell to new session lows against a few currencies after the report, including sterling and the Mexican peso, which are discussed at greater length a bit lower. There does appear to have ...

The EUR/GBP currency pair, which expresses the value of the euro in terms of the British pound sterling, represents an instrument through which traders can express their views of the relative potentials of the economies of Europe and the United Kingdom. Of course, FX traders are not only tradi...

In response to the pandemic-related downward revision to inflation over the European Central Bank's projection horizon, the ECB  is boosting its pandemic emergency purchase program by €600B ($676B) to €1.35B and extending the PEPP to at least the end of June 2021. ...