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The EUR/USD currency pair, which expresses the value of the U.S. dollar in terms of the euro, has been rallying recently, breaking above its recent high of not only 1.1423 but also the 1.1495 high which it found earlier this year as global equities crashed. ( Chart created by the author usin...
Overview: US stocks stumbled yesterday, and the S&P 500 nearly gave back the week's gains with its roughly 1.25% loss, the largest of the month. The NASDAQ 100 fell to two-week lows. Slower cloud growth at Microsoft (MSFT) and a delay in the next generation of chips at Intel (INTC) were ...
European measures applied to mitigate the effects of the pandemic have contained the unemployment rate in Europe more than in the U.S. While recognizing economic risks from the rising number of COVID-19 cases in the U.S., our forecast sees this success ratio reversing before the end of the yea...
David Zahn, CFA, FRM, Head of European Fixed Income, Franklin Templeton Fixed Income After much debate, the ink is now dry on Europe's €750 billion coronavirus fiscal rescue package, initially proposed in May. David Zahn, our Head of European Fixed Income, says it marks a strong aff...
Overview The powerful momentum moves in the capital markets continues unabated by escalating US-China tensions and continued spread of the virus. Asia-Pacific equities were mixed. Tokyo was closed for a holiday, but several other large markets in the region, like China, South Korea, and Taiw...
By Daniel Lacalle According to the International Monetary Fund ((IMF)), global fiscal support in response to the crisis will be more than $9 trillion, approximately 12 percent of world GDP. This premature, clearly rushed, probably excessive, and often misguided chain of so-called stimu...
The "European Project" was designed with something like the current crisis in mind. The adoption of a common currency was just the first, politically easiest, step in a process that would eventually - its architects hoped - culminate in something like the United States, where a bunch of diff...
Macro News Euro: After days of negotiations, EU leaders eventually agreed on a EUR 1.8 trillion package, composed of a EUR 750 billion recovery fund and a EUR 1.07 billion seven-year budget framework for 2021-2027, sending a positive signal to the market that the euro area is leaning tow...
As the news began to spread this morning about new agreement that was reached in the European Union , the value of the euro began to rise against the US dollar. When the market closed on Monday, it took only about $1.1450 to purchase one euro. On Tuesday morning, the cost had risen to about $...
The euro continues to follow the appreciatory path implied by the recovery in real yield spreads between Germany and the U.S. Our fair value estimate suggests that EURUSD could be trading as much as 15% higher. With this in mind, we remain bullish on the Invesco CurrencyShares Euro Trust ETF (...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E571 Company Name:
DEUR Stock Symbol:
NYSE Market:
Citigroup Global Markets Holdings Inc. (“CGMHI”) announced today that it will accelerate at its option, and in full, the ten series of exchange-traded notes listed in the table below (the “ETNs”). Holders of the ETNs will receive a cash payment per ETN in...