UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 02/10/21

Despite a soft close in US indices yesterday, global shares are on the march again today. Rising commodity prices did little for Japan's PPI. The euro approached our $1.2150 target in late Asian turnover. For further details see: China's Expansion Does Not Prevent Deflat...

The rally of US benchmarks to new record highs helped lift most Asia Pacific markets today, but the bulls are pausing in Europe, and there has been little follow-through buying of US shares. China reported a surge in January lending, a typical calendar effect as new lending quotas are...

Several markets in the Asia Pacific region, including Japan, China, India, and Thailand, rose by more than 1%. China reported that its reserves unexpectedly slipped last month. The US dollar is pinned near the pre-weekend low against the Canadian dollar. For further details ...

The disappointing US jobs data may mark the end of the first phase of the dollar's recovery. Against many of the major currencies, the dollar strengthened over the past month. While those positions are being adjusted, the dollar may pull back more before its upside correction resu...

While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. Conte's failure to form a new government in Italy has not been the political crisis that many feared. The US reports December trade figures, which could impact economist...

Australia's December trade surplus was not as large as expected, and exports did not rise as anticipated, but the details were favorable. The euro has been pushed below $1.20 to its lowest level since December 1. US oil inventories fell by a million barrels last week. For fu...

Equities have charged higher, and the greenback is mostly firmer. The big surprise of the day was the preliminary eurozone CPI. Rising equities and oil prices support the Canadian dollar, but the firmer greenback more broadly is fostering an extended consolidative phase. For...

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...