UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 08/20/21

After the pandemic’s initial spending splurge, the bill is due, and global growth is mean-reverting again. Treasury yields are confirming the disinflationary ride as we thought that they should. Similar trends are unfolding in the great hot north, with Canadian government b...

US equities recovered smartly yesterday from gap lower openings but failed to help stabilize the Asia-Pacific and European shares today. Hong Kong, China, and South Korea led today's retreat, and the MSCI Asia Pacific Index fell for the fourth week in the past five. Europe's Dow J...

The US dollar rallied after the Federal Reserve signaled that a majority are inclined to reduce the pace of bond purchases this year, even though the short-end interest rate markets took it in stride. The euro flirted with $1.17 yesterday but convincingly broke it in Asia earlier toda...

The Reserve Bank of New Zealand appeared poised to hike rates today, but the government's decision to impose a three-day lockdown deterred them. Sterling remains trapped near yesterday's trough that extended to an almost four-week low near $1.3725. The US dollar was consolidating ...

A lockdown in New Zealand and the Reserve Bank of Australia signaling it will respond if the economic fallout increases sent the Antipodean currencies sharply lower. Beijing's regulatory crackdown continued with draft regulations seeking to bank "unfair competition" and restrictions o...

Nearly all the major markets in the Asia Pacific region fell, but India, perhaps encouraged by a large infrastructure initiative unveiling yesterday. China's July data disappointed, and the resurging virus warns of further weakness this month, which has seen a large port shut and regu...

European stocks continue to edge higher, and the Dow Jones Stoxx 600 is posting gains for the 10th consecutive session. US futures are firmer after the S&P 500 and Dow Industrials set new records yesterday. Gold has continued to recover from the flash crash at the start of the...

Japan's July PPI rose by 1.1%, more than twice the projected gain, and lifted the year-over-year rate to 5.6% from 5.0%. The euro has been confined to less than a fifth of a cent range so far today, and it is holding in the upper end of yesterday's range. The US dollar is little c...

During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...

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...