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Citi Wealth Insights

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Early Christmas Cheer on Trade and Brexit Clarity

Risk assets were fueled by optimistic newsflow on two fronts. One, US President Trump is said to have in-priciple agreed to a phase “one” trade deal in the final stages of discussion between US and China. Two, incumbent PM Boris Johnson won the UK snap election with a stronger-than-expected majority, clearing the path to a long drawn-out Brexit.
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A EU – UK Brexit Deal Agreed But It's Not Quite Over Yet

The EU – UK reach a new deal that's supposed to ensure Britain leaves the EU in an orderly way and removes the Irish backstop. But an equally difficult hurdle remains – the UK parliament voting on the deal on October 19th.
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Dipping into UK Equities

In recent weeks, Citi analysts have shifted to a slightly more positive stance on UK equities, now favoring accumulating into weakness, particularly in UK exporters and dividend strategies. The change of stance is based on two gradual shifts that have reduced risks, but which UK equities have not yet fully discounted.
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Jessica Tan

Heading Towards Rising US-EU Trade Tensions?

The US Trade Representative (USTR) is expected to implement tariffs on US$7.5bn worth of EU products starting on October 18, following the World Trade Organization’s (WTO) ruling in favour of US.
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Status Check on Brexit

The UK economy remains vulnerable as it faces a challenging political landscape at a time of weak economic growth. However, as risks of “no-deal” Brexit recede, the short-term could see some support for selective UK equities and GBP.
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Eurozone Disconnects

A disconnect has emerged among Euro Area economies in relation to manufacturing and exports. However, despite manufacturing weakness, domestic indicators remain solid overall suggesting some resilience of the domestic economy.
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