Skip to main content
Citi

Citi Wealth Insights

-

US-China Trade Update – $200bn tariffs increase to 25%

Tariffs on $200bn list increased to 25% – Following the directive of the President, the USTR increased tariffs on the $200bn list of Chinese imports, starting on Friday 10 May.
Continue Reading
-

Bracing for US-China ‘Trade War Today, Trade Deal Tomorrow’

Market response to the latest escalation of US-China Trade war has been muted so far. The negative sentiment has limited itself to Chinese stocks with the Shanghai Composite falling almost 5.0% since the start of last week while declines in US and European stocks have been half that. In FX, sentiment has also been fairly muted with USD (a safe haven in times of crisis) dropping a mere 0.2% since the escalation of the crisis.
Continue Reading
US/China Trade Tensions Back in the Forefront

US/China Trade Tensions Back in the Forefront

US President Trump announced a new tariff escalation via Twitter Sunday, saying negotiations were proceeding too slowly. He said “10% will go up to 25% on Friday” in reference to $200 billion in Chinese imports. (Tariffs remain at 25% on an initial $50 billion since July 2018). He noted further tariff increases on the remainder of Chinese imports could follow.
Continue Reading
Recession Risks have Diminished

Recession Risks have Diminished

While global equity markets have come nearly full circle from a significant correction, Citi analysts have the view that the risk of a recessionary environment has diminished. This is evidenced by the renewed fiscal and monetary policy activity and the latest data coming out from China, US and Germany.
Continue Reading
-

Strong Credit Data to Reprice Easing Expectations

Money growth rebounded strongly - M2 growth jumped by 0.6pp to 8.6%YoY in Mar, much higher than market expectations (Citi/Mkt: 8.2%YoY).
Continue Reading
-

Economic Data Do Not Confirm Signal from US Yield Curve

The inverted US yield curve recently attracted much attention, raising the possibly of a global slowdown. However, recent data seem to suggest otherwise.
Continue Reading