Annual & Mid-year Outlook | FX

A More Positive Risk Backdrop Could See USD Weaken

_{Posted on Dec 16, 2020}

Key Takeaways

COVID-19 is not beaten yet but vaccine optimism, better COVID-19 news out of Europe and fading US election risk suggest a more positive backdrop for risk assets and FX in 2021. This is expected to put Safe Havens on the defensive including USD but the path to USD weakness is likely to be non-linear.
Adding to the bearish USD outlook is the Fed’s ultra-dovish stance even as the risk backdrop improves. This likely leads to even lower US real yields and a weaker USD.
China’s growth recovery is likely to sustain in 2021, contributing to the recovery in risk assets and FX via a stronger CNY.

_{By Citi Global Wealth Investments | Apr 12, 2024}

Q2 2024 | At a glance

This is an unusually positive time for markets. Inflation is slowing while corporate profits are rebounding. Global equity markets, as reflected by the MSCI World Index, are up around 10% year-to-date. Earnings have remained resilient in the face of policy action and we believe there is a broadening of equity performance, and it is spreading beyond US shores.

_{By Citi Global Wealth Investments | Feb 20, 2024}

Wealth Outlook 2024: Economic Security Opportunities

Recent geopolitical events in Europe and the Middle East have brought more attention to the theme of “economic security”. With 2024 being a major year for elections around the world, one might wonder, how does one invest in this particular theme?

Wealth Insights Economy Annual & Mid-year Outlook Asset Allocation Equities

_{By Citi Global Wealth Investments | Dec 8, 2023}

Wealth Outlook 2024 | At a glance

Though a global economic recovery is still only on the horizon, we expect markets to start focusing on longer-term market opportunities. This calls for dynamic portfolios that are ready to pivot as a sequence of potential opportunities unfolds, including in Asia. This includes quality investments amid the present uncertainty and exposure to the sources of long-term growth as present uncertainties resolve.

Annual & Mid-year Outlook Economy Asset Allocation Equities Fixed Income

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(MLP’s) - Energy Related MLPs May Exhibit High Volatility. While not historically very volatile, in certain market environments Energy Related MLPS may exhibit high volatility.

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This communication is for general information only and should not be relied upon as financial advice. The information herein has no regard to the specific objectives, financial situation and particular needs of any specific person and is not intended to be an exhaustive discussion of the strategies or concepts mentioned herein or tax or legal advice. Any person interested in the strategies or concepts mentioned herein should consult their independent tax, legal, financial or other advisors,
as appropriate. This communication does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom
it is unlawful to distribute such information or make any offer or solicitation.

Before making any investment, each investor must obtain the investment offering materials, which include a description of the risks, fees and expenses and the performance history, if any, which may be considered in connection with making
an investment decision. Interested investors should seek the advice of their financial adviser about the issues discussed herein as appropriate. Should investors choose not to seek such advice, they should carefully consider the risks associated
with the investment and make a determination based upon the investor’s own particular circumstances, that the investment is consistent with the investor’s investment objectives and assess whether the investment product is suitable for
themselves. Although information in this document has been obtained from sources believed to be reliable, CSL does not guarantee its accuracy or completeness and accept no liability for any direct or consequential losses arising from Its use.

CSL does not provide discretionary portfolio management services.

UAE: This document is distributed in UAE by Citibank, N.A. UAE. Citibank N.A. UAE is licensed by UAE Securities and Commodities Authority (“SCA”) to undertake the financial activity as Promoter under license number 602003.

Citibank N.A. UAE is registered with Central Bank of UAE under license numbers BSD/504/83 for Al Wasl Branch Dubai, 13/184/2019 for Mall of the Emirates Branch Dubai, BSD/2819/9 for Sharjah Branch, and BSD/692/83 for Abu Dhabi Branch.

This is not an official statement of Citigroup Inc. and may not reflect all of your investments with or made through Citibank. For an accurate record of your accounts and transactions, please consult your official statement. Before making any investment, each investor must obtain the investment offering materials, which include a description of the risks, fees and expenses and the performance history, if any, which may be considered in connection with making an investment decision. Each investor should carefully consider the risks associated with the investment and make a determination based upon the investor’s own particular circumstances, that the investment is consistent with the investor’s investment objectives.
At any time, Citigroup companies may compensate affiliates and their representatives for providing products and services to clients.

United Kingdom: This document is distributed in the U.K. by Citibank UK Limited and in Jersey by Citibank N.A., Jersey Branch.

Citibank UK Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our firm’s Financial Services Register number is 805574. Citibank UK Limited
is a company limited by shares registered in England and Wales with registered address at Citigroup Centre, Canada Square, Canary Wharf, London E14 5LB, Companies House Registration No. 11283101.

Citibank N.A., Jersey Branch is regulated by the Jersey Financial Services Commission. Citi International Personal Bank is registered in Jersey as a business name of Citibank N.A. The address of Citibank N.A., Jersey Branch is P.O. Box 104, 38 Esplanade, St Helier, Jersey JE4 8QB. Citibank N.A. is incorporated with limited liability in the USA. Head office: 399 Park Avenue, New York, NY 10043, USA.

DISCLAIMER [+]

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