UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 08/09/21

A flash crash saw gold drop more than $70 an ounce in early Asia. Silver was dragged lower too. The euro briefly traded below last month's low ($1.1752) to its lowest level since the end of March. The second consecutive increase of more than 900k US jobs solidifies expectations fo...

The strength of the US employment data keeps the Jackson Hole conference as the next opportunity for an update on the pace (and possibly, the composition) of the Fed's bond purchases. As central banks move from providing emergency support to pursuing policy targets, there is scope for...

Japan's service PMI was revised to 47.4 from the preliminary estimate of 46.4 but remains below the 50 boom/bust level and is weaker than the 48.0 reading in June. The final eurozone service PMI was softer than expected, and this served to drag the composite below the flash estimate. ...

China's economy moderated in July, according to the official PMI released over the weekend. South Korea reported strong July trade figures, even though exports and imports did not grow as fast (year-over-year) as expected. The eurozone flash July manufacturing PMI was revised to 6...

Three macro considerations are shaping the investment climate: the evolution of the virus and the response, the timeframe of the Fed's tapering, and China's broad regulatory crackdown. China is doing what some of its critics were struggling to accomplish, namely, discourage further in...

Many large markets in the Asia-Pacific area fell by more than 1%, including Japan, Hong Kong, South Korea, and New Zealand. Singapore, India, and China's Shenzhen Composite were notable exceptions and posted minor gains. After reaching record highs yesterday, the Dow Jones Stoxx 600 h...

China's aggressive campaign has exploded on the international stage to become a major market force. Investors are continuing to try to make sense of Beijing's aggressive moves that appear to be a broad offensive that can only result in a slowing if not reversing of past efforts to int...

Analysis of the replies provided by those manufacturers reporting lower production volumes in July highlights a growing impact of COVID-19 and staff shortages, though material shortages remain the most common cause of lost output. The proportion blaming lost output on COVID-19 in gene...

The IHS Markit/CIPS flash composite PMI output index, covering both services and manufacturing, fell further from its all-time high of 62.9 in May, down sharply from 62.2 in June to 57.7 in July. Transport, hospitality and other consumer-facing services companies were the hardest hit,...

The virus is once again raising the prospects of slowing the economic recovery that was unevenly unfolding. The ECB's new forward guidance signaled that bond purchases and low rates will prevail until the staff forecasts that the 2% target can be sustained. Discussions about the p...