UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 06/24/21

After the NASDAQ set a record high yesterday, Asia Pacific markets turned in a mixed performance. Although US inventories continue to be drawn down, OPEC+ meets next week, and Russia is pushing for a boost in production. The Bank of England meets, but not one expects new moves. ...

Japan's preliminary PMI underscores the toll of the formal state of emergency and the slow vaccine rollout. The flash EMU composite June PMI reached a 15-year high of 59.2. The US flash PMI is expected to soften a little, but the reading is expected to be strong. For further...

The dollar is at a three-day high around JPY110.50 near midday in Europe after staging an impressive recovery after falling to almost JPY109.70 yesterday. Hungary is expected to become the first EU country to lift rates, followed by the Czech Republic tomorrow. Fed Chair Powell re...

The MSCI Asia Pacific Index fell for the fourth consecutive session, led by more than a 3% decline in the Nikkei. Neither Macron's En Marche party nor Le Pen's National Rally party did well in the first round of France's regional elections. North America has a light economic calen...

In this weekly technical note, we have been tracking the improving tone for the dollar prior to the FOMC meeting. We are mindful that interest rates and differentials are not supportive of the dollar. While many observers attribute the stronger dollar to the Federal Reserve, last ...

Next week is filled with Fed speak that could show more policymakers are turning hawkish given the Fed’s overall surprise with pricing pressures this year. Currency markets are bracing for potentially more dollar momentum as the Fed has signaled they are now not willing to tole...

On Wednesday, the FOMC released its June statement which only served to remind us that its members are powerless in the face of inflationary conditions. The Fed’s money-printing has continued apace, so much so that severe market distortions are reflecting it, even for those wit...

IHS Markit's PMI business surveys showed the economic recovery gaining momentum in May as output growth accelerated to the fastest for 15 years. Although growth of new orders accelerated globally in May to reach the highest since 2006, employment growth slowed marginally compared to A...

After some dramatic moves over in the immediate post-Fed period, the markets have quieted. The BOJ made two announcements today while not changing its policy settings. The markets continue to digest the implications of the Fed's new forecasts. For further details see: Ma...

Most equity markets in the Asia-Pacific region fell. China, Hong Kong, and Taiwan were notable exceptions. Norway's central bank has sharpened its message. At today's meeting, it signaled a likely rate hike in September. In the U.S., today's data pales in comparison to yesterday's...