UEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480 From 02/02/21

The Reserve Bank of Australia left rates on hold and reiterated that rates will remain low for a prolonged period. Germany, France, and Spain surprised with better-than-expected GDP figures. Italy came in as expected today with a 2% contraction following a 16% expansion in Q3. Mex...

Global equities are snapping back today. The greenback retained the strength seen last week that was attributed to safe-haven flows. The MSCI Asia Pacific Index snapped a four-day decline led by Hong Kong, South Korea, India, and Indonesia. Europe's Dow Jones Stoxx is up aroun...

The dollar rose against all the major currencies last week, except for the British pound and New Zealand dollar. A convincing break below $1.2050 would likely confirm a larger topping pattern (possible head and shoulders) for the euro. The Australian dollar also appears vulnerable...

Powerful corrective forces continue to grip the market. Japan's economy finished 2020 on a weak note. Retail sales fell by 0.8% in December, a little more than expected, and follow a 2.1% decline in November. The US dollar reached CAD1.2880 yesterday, its highest level since Decem...

Rising shipping costs and lengthening delivery times have reignited the discussion about a return of reflationary forces. Business surveys in the eurozone industrial sector have started to point to some upward pressure on factory gate prices and potentially core goods prices. Howe...

In Asia-Pacific, the focus has been on the dramatic decline in equities, and macroeconomic news has been light. The EU harmonized figures will be released later today and are expected to have posted around a 0.3% gain on the month. The US economic calendar is packed today. The hig...

Another wave of the COVID-19 pandemic has disrupted economic activity in early 2021. We anticipate that new COVID-19 infections will decline in the months ahead as vaccines will become more widely available. A last-minute trade agreement at the close of 2020 averted the tail risks...

Dollar found some support from US yields in early trading in 2021. 2021 should not be the year to pencil in small corrections, but more to paint in broad brush strokes the major trends set to dominate the year. This includes a global recovery emerging from 2Q onwards, central bank...

Asia Pacific equities mostly slipped lower, and profit-taking was seen in Hong Kong and Seoul, which are off to an incredibly strong start to the year. The euro recovered yesterday after recording a four-day low just below $1.2110. The FOMC meeting concludes today, and expectation...

After rallying strongly to start the year, Asia Pacific equities, led by the high-flying Hang Seng sold-off, led by Tencent. Facing a likely defeat in the Senate this week, Italy's Prime Minister will tender his resignation before getting fired. Leaving aside the partisanship, it ...