UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 05/07/21

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...

China returned from its extended May Day holiday to find fresh confrontation over its domestic and international actions. The dispute over fishing rights in UK waters, a difficult negotiating point in last year's trade talks, has escalated this week. The Biden Administration commi...

The share of US dollar reserves held by central banks fell to 59% - its lowest level in 25 years - during the fourth quarter of 2020, according to the IMF's COFER survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of c...

Disappointing German, French, and Italian PMI reports helped send the euro to almost $1.1985, its lowest level in about two and a half weeks. China and Japanese markets open tomorrow for the first time this week. After reaching a four-day high near CAD1.2350 yesterday, the US doll...

Australia's economy is expanding faster than the RBA projected at the start of the year, and unemployment is falling faster than anticipated. Outside of the eurozone, the focus was on the UK that reported its final manufacturing PMI ticked up to 60.9 from 60.7 of the flash estimate an...

After falling 1.15% last week, the MSCI Asia Pacific Index traded heavily today, with only Australia and New Zealand bucking the move. Europe's Dow Jones Stoxx 600 fell for the second consecutive week to the end of April and is struggling to sustain early upticks today. US S&P...

The US dollar traded heavily most of last week but rebounded ahead of the weekend, with some month-end flows impacting. The Japanese yen was a notable exception. The dovish Fed lifted the euro to $1.2150, its highest level since the end of February. The Canadian dollar was easily ...

As well as financing escalating government deficits, central banks face an additional problem of replacing contracting bank credit to the non-financial private sector if a slump is to be avoided. Banks are already reducing their credit allocations to the non-financial private sector. ...

The record high S&P 500 close failed to carry into the Asia Pacific region today. Japan reported a series of data, which, on balance, were better than expected. Today, the US reports March personal income and consumption data. For further details see: China Disappoin...

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...