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Towards the end of last month, I remarked that the GBP/USD does not have a favourable risk-reward profile at this point in time. My reason for making this argument was that the currency stands to have significant downside if a Brexit deal is not struck, but limited upside if it is. That ...
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...
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...
Overview: The optimism among investors appears to have evaporated in the face of new US-Chinese tensions, possible delays in the next US fiscal stimulus, and new record virus infections in Australia and Hong Kong. US stocks had pared early gains yesterday, and the high-flying NASDAQ finished...
While U.K. and EU negotiators began the latest round of Brexit negotiations on Monday, the two sides remain deadlocked over fishing rights, level playing field guarantees, governance of the deal and the role of the European Court of Justice. More news on: iShares MSCI United Kingdom ETF, I...
By Gustavo Adler, Deputy Division Chief at IMF’s Research Department, Gita Gopinath, Economic Counsellor and Director of the Research Department at the International Monetary Fund, and Carolina Osorio Buitron, Economist in the Research Department of the IMF Faced with an unprecedent...
Overview While there are signs that Europe has reached a compromise on the grant/loan issue, the spillover into the markets is quite limited. China, with Shanghai's 3.1% gain, led a few markets in the Asia-Pacific region higher, including Japan and India. Most markets were lower, and Europe'...
The US dollar was mixed last week. Sentiment appears tilted against it, but it is has not convincingly broken down. The euro continues to flirt with the $1.14 area and the Australian dollar has stalled near $0.7000. There does appear to be a more favorable reassessment of Europe, and this is...
Overview: Chinese stocks stabilized after yesterday's sharp fall and most Asia Pacific equity markets but Tokyo rose today. European shares are little changed, but the Dow Jones Stoxx 600 is still poised to hold on to modest gains for the third consecutive week. US shares have a firmer bias,...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E159 Company Name:
UGBP 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...