UGBP News and Press, Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 From 09/16/21

Developed market yield curves are displaying late-cycle dynamics. This is nowhere as obvious as on the GBP curve as hikes are being brought forward, and as the curve flattens. This makes it all the more difficult for long-end rates to rise. For further details see: Rates...

The sixth decline of the S&P 500 in the past seven sessions set a negative tone for equity trading in the Asia Pacific region, and the poor Chinese data did not help matters. UK August consumer inflation rose more than expected, and this is pushing the market in the direction it w...

The underlying trend in the pace of UK economic growth likely slowed for a third successive month in August. Growth deteriorated in other parts of the services economy in August, notably across the vast business and financial services sectors. With workers now also facing a 1.25% ...

The markets are in a wait-and-see mode, it appears, ahead of the US CPI figures, as it absorbs bond supply from Europe and monitors the potential restructuring of China's Evergrande. The dollar is in an exceptionally narrow range against the yen so far today: JPY109.95-JPY110.10. ...

The US dollar is paring this week's gains, retreating against most of the major and emerging market currencies today amid a risk-on mood. Japan and Hong Kong equity markets gained more than 1% to lead the MSCI Asia Pacific Index higher. Europe's Dow Jones Stoxx 600 is edging highe...

China's August CPI was softer than expected, while the PPI was higher than anticipated. The euro peaked after the US jobs data at the end of last week, poking above $1.19 for the first time since late July. The US dollar spiked from CAD1.2520 on Monday to CAD1.2760 yesterday. ...

The UK construction industry is being hit by unprecedented shortages of raw materials and labour, the costs of which are also rising at rates far in excess of anything previously recorded in over two decades of PMI survey history. However, the New Orders Index remains far higher than ...

The US dollar continues to pare its recent losses and is firm against most major currencies in what has the feel of a risk-off day. The dollar rose to JPY110.45 in early Asia, its highest level since August 13 and has reversed lower and look poised to test the JPY110 level where an op...

The rise in 10-year benchmark yields stands out. Equity markets are mixed. Emerging market currencies are mostly lower. Gold is lower for the second session after rallying 1% before the weekend. For further details see: Wait Until Tomorrow

China, Australia, and Japan reported disappointing August service and composite PMIs. The euro made a marginal new high for the move near $1.1885 in Asia and was sold to session lows near $1.1870 in the European morning. Economists in the Bloomberg survey looked for 700k private-s...