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Flash UK composite PMI down from six-year high of 59.1 to 55.7, signals cooling rate of expansion. Manufacturing and services both report slower expansions, latter hit by downturn in restaurants. Jobs continue to be cut at rate not seen for ten years prior to the pandemic, though ...
China continues to harass Taiwan with incursions into its air defense zone. The bullying practice has escalated in the past week or so. European banks took 174.5 bln euros from the ECB's latest Targeted Long-Term Refinancing Operation. In the UK, Chancellor Sunak canceled the fall...
Japan's preliminary September PMI was little changed from October, and the composite remained below the 50 boom/bust level. The French PMI showed a similar pattern to the German report, but a bit worse. The US preliminary PMI is expected to follow the European pattern of a continu...
The U.S. dollar is seeing demand once again as a safe-haven currency. Cases of COVID-19 continue to rise in Europe once again. The ECB may have less scope to extend emergency measures this time around. For this reason, I expect downside in the EUR/USD. For further detail...
The S&P 500 tumbled for its fourth consecutive, the longest losing streak since February. The dollar strengthened broadly. Asia Pacific shares were lower, led by a 2.4% decline in South Korea and around a 1% loss in China and Taiwan. Gold held yesterday's low near $1882.50. La...
Just weeks after urging people to start returning to work, U.K. Prime Minister Boris Johnson called for people to work from home "if possible" and ordered all hospitality sites across England to start closing at 10 p.m. from Thursday.More than £50B was wiped off the value of U.K. shares ...
Not surprisingly, China's Prime Loan Rate was left unchanged for the fifth consecutive month at 3.85% and 4.65%, respectively, for the one and five-year benchmarks. S&P is concerned that Spain's political climate may struggle to pass the 2021 budget and continue to press ahead wit...
The major central banks have met, and not one announced fresh policy action. All the brouhaha about the rapid rise of the euro misses that it has been moving sideways for nearly two months. With all the commentary on the euro, it was the yen, whose 1.6% gain last week, led the maj...
Last week, I made the argument that the GBP/USD would likely see more downside from here. With the current UK government proposing an Internal Market Bill that overrides certain agreements agreed with the EU in the original withdrawal bill, the concern that the new bill would break interna...
Overview: Profit-taking after the FOMC meeting saw US equities and gold sell off. The high degree of uncertainty without fresh stimulus did not win investors' confidence. The Fed signaled rates would likely not be hiked for the next three years, and without additional measures, that appears ...
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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...