UEUR News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E480 From 05/19/21

The inability of US equities to sustain yesterday's rally provided an initial headwind to trading in the Asia-Pacific region today. Europe's Dow Jones Stoxx 600 gapped lower, and information technology, materials, and energy were the largest drags. US equity futures are seeing fol...

The three-month dollar LIBOR was fixed at a record low of a little less than 15 bp yesterday, and the downside pressure does not appear exhausted. The US reports April housing starts and permits today. We note that yesterday's March TIC data showed foreign investors bought a recor...

Despite accelerated price readings in the US (CPI, PPI, import prices, and University of Michigan survey), US rates are soft. The S&P 500 rose 2.7% in the last two sessions, but the futures are trading with a slightly heavier bias now. Lower rates and some suggest the sell-off...

The surge in consumer prices reported on Wednesday saw rates jump and the dollar push higher. Over the past month and year-to-date, the Canadian dollar is the strongest of the major currencies (3.1% and 4.8%, respectively). The US dollar is trading inside yesterday's roughly CAD1....

US inflation accelerating more than expected, following which the US 10-year yield jumped, providing a nice concession at the quarterly refunding and lifting the dollar broadly. The sharp sell-off in US shares, which continues today, with the futures indices off 0.3-0.5%, knocked Asia...

The Mother of All Recoveries (MOFAR) is not a U.S. story; it’s a developed-market story. Inflation is not likely to start galloping into the double digits or even high single digits. I expect it to be closer to 3%. If a company can’t grow its earnings in this environ...

The sell-off in US shares yesterday has triggered sharp global losses today. The US JOLTS report will be looked upon for clues into labor market dynamics after last week's huge miss on the non-farm payroll report. Dollar is mostly softer against the major currencies. Gold is l...

Last week's cyberattack on the largest US gasoline pipeline continues to lift oil and gasoline prices. US futures are narrowly mixed, with the NASDAQ trailing. Tomorrow, Australia's government will announce its budget. The busy week begins off slowly with light economic calend...

The Dollar Index was stalling near 91.40 at the end of April and the start of May. It had been pushed to around 90.85 before the employment report, which saw it drop to around 90.20, below its lower Bollinger Band. In the middle of last week, the euro had fallen to a 2.5-week low near...

In the Asia-Pacific region, most equity markets advanced. European equities are slightly firmer, and the Dow Jones Stoxx 600 is set to snap a two-week decline. The dollar remains lower on the week against all the major currencies and all but a handful of emerging market currencies...