2019 Mid Year Outlook: Embracing Uncertainty in a Slower Growth Environment
After a strong rebound that saw Global equities gaining 17.4% in the first half of 2019, we are now entering seasonally ...
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2019 Annual Outlook: Volatility & Opportunities in the Late Stage Bull Market
Citi analysts believe the nine-year bull market has not ended as global GDP is projected to grow 3.1% in 2019 and corpor...
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Citi’s Update on US Midterm Elections and Trade Negotiations
How will the US midterm elections and ongoing trade tensions affect markets in the coming months?
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2018 Mid Year Outlook: Capitalizing on Volatility
Citi believes global growth will continue in 2018 as global GDP is projected to grow 3.4% this year and corporate earnin...
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Retirement: Achieving A Fulfilling Journey and Managing Multiple Goals
Citibank brings you insights from a recent webinar for clients, on how to achieve a fulfilling retirement and manage mul...
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Currencies
US retail sales due tonight but the August 1 FOMC remains the key event; RBA to remain dovish, BoC neutral to slightly hawkish
The only US data release overnight is the NY July Fed Empire manufacturing survey which recovers after last month’s print (that was the weakest since October 2018).
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Asia Pac / EM Economy/Politics
China - What to Expect from the Mid-Year Politburo Meeting?
The Politburo will meet to wrap up economic work in H1 and set the policy tone for H2 at the end of July. Markets would be eagerly looking for indication about possible policy change from the meeting.
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Economy/Politics Asia Pac / EM
Japan-South Korean Tensions Exacerbates Global Trade Conflicts
Japan imposed restrictions on exports of three raw materials crucial to South Korea’s semiconductor and display producers. For the first five months of 2019, South Korea sourced 92% of photoresists, 94% of fluorinated polyimide and 46% of hydrogen fluoride from Japan. This makes it difficult to find alternatives, at least in the near term.
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Currencies
US PPI implies solid core PCE but July Fed cut likely a done deal; China to undertake more macro prudential controls to stabilize CNY
US PPI final demand rises 0.1%MoM in June while PPI excluding food and energy is up a solid 0.3%MoM.
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Currencies
Will the Trump Administration buy EURUSD? Fed Chair Powell maintains his dovish tone on day 2 of his semi-annual testimony
Citi analysts now sees FX intervention by the Trump Administration to weaken USD as a stronger possibility.
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Currencies
TacticalPowell, FOMC Minutes signal July rate cut; Trade negotiators to find ways to implement Xi-Trump agreement; Trump aides asked to find ways to weaken USD
USD trades weaker as Fed Chair Powell delivers his key semi-annual testimony on the US economy to Congress and builds the case for a July rate cut.
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