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Important economic events of this week: Quarter and month-end adjustments, Japan's Tankan survey, the eurozone's preliminary June CPI, the US employment report, and an OPEC+ meeting. Last week, the S&P 500 and NASDAQ rose to new record highs. The gap between consumer and produ...
The Fed finds itself between a rock and a hard place: either it keeps inflating or the whole confidence-based valuation of financial assets collapses. Either it raises interest rates or the dollar collapses. The lessons from the past have taught us that central bankers only notice a b...
Tokyo CPI defied expectations and did not show another month of deflation. All three measures, headline, core, and another measure that excludes fresh food and energy, rose to zero from deflation. The BOE sees the economy accelerating to 5.5% growth this quarter, well above the 4.3% p...
After the NASDAQ set a record high yesterday, Asia Pacific markets turned in a mixed performance. Although US inventories continue to be drawn down, OPEC+ meets next week, and Russia is pushing for a boost in production. The Bank of England meets, but not one expects new moves. ...
Japan's preliminary PMI underscores the toll of the formal state of emergency and the slow vaccine rollout. The flash EMU composite June PMI reached a 15-year high of 59.2. The US flash PMI is expected to soften a little, but the reading is expected to be strong. For further...
The global economy has reached an important milestone in the second quarter of 2021, surpassing the pre-pandemic real GDP peak attained in the fourth quarter of 2019. After a 3.5% contraction in 2020, global real GDP is projected to increase 6.0% in 2021, its strongest advance since 1...
The dollar is at a three-day high around JPY110.50 near midday in Europe after staging an impressive recovery after falling to almost JPY109.70 yesterday. Hungary is expected to become the first EU country to lift rates, followed by the Czech Republic tomorrow. Fed Chair Powell re...
The MSCI Asia Pacific Index fell for the fourth consecutive session, led by more than a 3% decline in the Nikkei. Neither Macron's En Marche party nor Le Pen's National Rally party did well in the first round of France's regional elections. North America has a light economic calen...
In this weekly technical note, we have been tracking the improving tone for the dollar prior to the FOMC meeting. We are mindful that interest rates and differentials are not supportive of the dollar. While many observers attribute the stronger dollar to the Federal Reserve, last ...
Next week is filled with Fed speak that could show more policymakers are turning hawkish given the Fed’s overall surprise with pricing pressures this year. Currency markets are bracing for potentially more dollar momentum as the Fed has signaled they are now not willing to tole...
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Citigroup Global Markets Holdings Inc ZC SP ETN REDEEM 15/12/2032 USD 25 - 17326E662 Company Name:
UJPY 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...