UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 01/31/21

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...

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...

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 ...

Flash UK composite PMI slides to 40.6 in January. Service sector activity slumps, manufacturing almost stalls as Brexit issues exacerbate pandemic woes. Both sectors suffer falling exports. Prices rise, often linked to worsening supply. For further details see: U.K. Econ...

US shares are trading higher, led by the Nasdaq, as several tech companies report earnings this week. Asia-Pacific equities moved higher, again led by Hong Kong and ostensibly mainland buying. Most bourses advanced, though Taiwan, India, and a few smaller markets declined. Europea...

Our research indicates risky assets could continue to perform well as the economy transitions from a recovery to an expansionary regime. We believe the macro backdrop remains supportive for equity and credit premia, cyclical factors, and risk assets more broadly. We expect the EM ...

Our analysis had led us to expect a dollar bounce after sliding sharply since the US election. When the dollar did not sell off further on the back of the disappointing ADP estimate on January 6 or the events in the Capitol, it signaled a dollar recovery. The euro rose nearly a ce...

In the Asia-Pacific region, Hong Kong shares got hit the hardest today, falling by 1.6%, while India and several smaller bourses also fell by more than 1%. On the back of soft preliminary PMIs, Europe's Dow Jones Stoxx 600 is off 1% to give back this week's gains. The S&P 500 ...