UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 05/28/21

The recovery of the US 10-year yield is helping the US dollar firm. The Chinese yuan rose to new three-year highs today, and its 1.1% gain on the week is the most since last November. While the yen is bearing the burden on the week, with a 0.8% loss, the Antipodeans are leading th...

The US reports April durable goods orders. Asia Pacific equities were mixed. Japan, South Korea, Hong Kong, and Taiwan markets eased, while China, Australia, and India rose. The doves at the ECB have taken to the media to press against reducing the PEPP bond-buying next month. ...

The inability of US shares to hold on to early gains yesterday did not deter the Asia Pacific and European equities from trading higher. While industrial commodities, like iron ore and steel rebar, are trading lower, gold has pushed above $1900 for the first time since January. Ju...

The Shanghai Composite jumped 2.4% today, the most since last October to reach a three-month high. The EU's confrontation with its neighbors is running at a high level. It is preparing more sanctions against Belarus. The US dollar remains trapped in its trough against the Canadian...

Flash UK composite PMI at record high in May as virus restrictions are lifted. Job growth also near record high. But prices charged for goods and services rise at unprecedented rates. For further details see: Flash U.K. PMI Hits Record High In May As Economy Reopens

The US dollar is firmer in the European morning after starting out with a softer bias in Asia Pacific turnover. Chinese officials escalated their threats against speculation and hoarding of commodities. For the first time since last July, speculators (non-commercials) are net shor...

The Fed can't taper Quantitative Easing (QE) without really hurting the market. Tapering of QE will signal a shift by the Fed to tighter monetary policy. Tapering will signal the end an era of Fed ease and the onset of higher inflation and interest rates, the market’s event...

The dramatic volatility seen earlier this week has sapped the market's energy. Japan's news stream was generally poor today. The Biden administration has adjusted its tactics regarding a minimum corporate tax. For further details see: Eerie Calm Ahead Of The Weekend

US equity indices finished lower, but the real story was their recovery. Japan's net exports shaved 0.2 percentage points off Q1 GDP, but today's figures suggest Q2 is off to a strong start. The US dollar bounced off the CAD1.20 support on Tuesday and traded around CAD1.2140 yeste...

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...