UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 04/29/21

With greater clarity on the sustainability of the economic recovery, we also saw the opportunity set across markets broaden to include sectors beyond those seen as the primary beneficiaries of an economic reopening. As expected, the recovery hasn't been smooth sailing for all, with su...

With today's GDP report, we should see the "V" shape emerge and continue to be drawn out of the next few quarters. Assuming the economy performs as expected, a further upgrade is likely at the next Fed meeting in June, which also sees updated forecasts. Stronger business confidenc...

Ahead of the FOMC meeting outcome and Biden's address, the US reports the advanced goods trade balance and some inventory data. Apple reports its earnings today, but the EU appears poised to take up anti-trust action against it. After rejecting the $1800-level last week, the yello...

Short-covering ahead of the FOMC's outcome tomorrow appears to be lending the US dollar support today. Equity markets are mixed. Except for China and India, most bourses in the Asia Pacific area slipped, while Europe's Dow Jones Stoxx 600 is directionless. US futures are sporting smal...

Equities are mostly firmer in the Asia-Pacific region and Europe. Hong Kong, China, and Australia were exceptions, and their equities slipped lower. Europe's Dow Jones Stoxx 600 snapped a seven-week advance last week but is slightly higher today. The dollar is sporting a soft prof...

Despite unmistakable signs that the US economy is accelerating, and by more than expected, the US 10-year yield is around 25 bp off the end of March high. The Federal Reserve meets next week and there is no compelling reason to expect a change in tone from either the statement or Chai...

Total activity expands at sharpest rate for six-and-a-half years. Strong, sustained increase in housebuilding led growth in March. IHS Markit estimates activity will not return to pre-pandemic levels until 2027. For further details see: Construction Output Rebounds At En...

European shares are trading lower, and the Dow Jones Stoxx 600 is set to snap a seven-week advance. The dollar has been confined to a 20-tick range below JPY108.00 so far today. Canada's economic diary is light today and features February retail sales and GDP next week. For ...

The rise in US equities yesterday is helping lift equities today. The capital markets are mostly quiet ahead of the ECB meeting; President Lagarde's press conference will be the key focus. Yesterday, the Australian foreign minister announced the cancellation of four foreign deals,...

The ability of Chinese manufacturers to meet demand has been constrained by the current scarcity of shipping containers. Supply chains were complex and tenuous before the COVID-19 virus pandemic, and have since become more so. Supply chains are difficult to manage, but indicators ...