Category: Citi
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Why US election should be dollar positive: Citi By Investing.com
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Citi strategists on Thursday reiterated their view that the US election is “positive for the US dollar”, while acknowledging other factors that could influence the coming months, such as Federal Reserve policy, recession risks and global economic conditions. According to Citi, trade and tariff policies are expected to be the…
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Regional elections risks may impact EUR, warns Citi By Investing.com
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Citi has highlighted the potential for increased political risk in Europe as German regional elections begin on September 1. According to the Citi Economics Europe report, the elections could lead to major shifts in regional politics, potentially destabilizing the national coalition, changing national fiscal policies, and reorienting Germany’s policies within…
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Citi sees limited upside for USD/JPY, expects rebound before dip By Investing.com
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Citi provided commentary on the currency pair, drawing parallels with historical currency movements and forecasting potential future trends. The financial services firm noted that while the USD/JPY uptrend has been more restrained than initially anticipated, the pair is unlikely to fall below 140 JPY/USD until next year. Citi expects a…
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Citi discusses USD/JPY outlook amid LDP election uncertainty By Investing.com
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Citi has issued a statement addressing the potential outcome of the Liberal Democratic Party presidential election in Japan and its impact on the currency pair. The financial services company noted that it was difficult to predict the impact of the elections on the exchange rate due to the crowded nature…
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This is how to hedge against higher geo-economic risks: Citi By Investing.com
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In light of rising geopolitical tensions and increasing uncertainty about economic policy, Citi Research has updated its Geo-Economic Risk Premium (GRP) model to provide strategic guidance to investors. Citi’s GRP model, which measures the discount rate applied to global equities due to geopolitical and economic risks, has shown a significant…
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Buffett’s new stock pick likely to deliver an earnings miss: Citi By Investing.com
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Warren Buffett’s latest investment in Ulta Beauty (NASDAQ:) could get off to a rocky start, according to analysts at Citi. Despite the excitement surrounding Berkshire Hathaway’s (NYSE:) new stake in the beauty retailer, Citi expects Ulta Beauty to likely miss its Q2 2024 earnings targets, citing several factors. As a…
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Citi added new section on reorganization in quarterly report following US SEC query By Reuters
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(Reuters) – Citigroup Inc added a new section on its multi-year reorganization to its quarterly report to the U.S. Securities and Exchange Commission in August following inquiries from the markets regulator. In its letter to Citi, sent in June and unsealed on Wednesday, the SEC asked the bank to review…
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Uranium prices outlook for 2024 as per Citi By Investing.com
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Prices have been under pressure recently, trading in a tight range and slightly lower due to limited trading volume and liquidity. However, as analysts at Citi Research noted in a note dated Monday, this weakness in uranium prices is expected to ease as demand for nuclear power continues to rise,…
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Australian dollar likely to struggle against USD: Citi By Investing.com
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Citi FX analysts provide insights into the performance of the Australian dollar against various currencies, and predict a challenging path for the Australian dollar. According to the brokerage, the recent sharp drop in the exchange rate points to a long-term ceiling that formed at just below 110 yen to the…
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Citi expects NZD to underperform amid US election uncertainty By Investing.com
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Citigroup has expressed concerns about the potential impact of the upcoming US presidential election in November on high-beta currencies, and expects the New Zealand dollar (NZD) to underperform. According to Citigroup, the financial environment is likely to see increased risk aversion as the election approaches, which traditionally does not bode…
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Citi upgrades Nevro to neutral following sell-off (NYSE:NVRO)
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Adam Goulet Citi has upgraded Nevro (New York Stock Exchange: NFPRO) to neutral, citing the recent sell-off in the stock following the company’s revised guidance. The investment bank noted that Nevero’s shares have fallen about 74% since the beginning of the year, adding that it believes “there is little near-term…
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Citi recommends defensive stance on Japan amid BOJ uncertainty, recession fears By Investing.com
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Japanese stocks are expected to gradually recover in September and October, analysts at Citigroup said, but they recommended a defensive stance in the market amid uncertainty over the Bank of Japan and the U.S. economy. Japanese stocks have been hit hard by the global meltdown in financial markets this week,…
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Citi looks at the election impact on oil prices By Investing.com
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In a note to clients on Thursday, Citi strategists assessed how the upcoming U.S. presidential election in 2024, which is likely to be a battle between Donald Trump and Kamala Harris, could impact oil prices. Under the Trump administration, the impact on the oil market “could be net bearish due…
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Citi looks at the election impact on oil prices By Investing.com
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In a note to clients on Thursday, Citi strategists assessed how the upcoming U.S. presidential election in 2024, which is likely to be a battle between Donald Trump and Kamala Harris, could impact oil prices. Under the Trump administration, the impact on the oil market “could be net bearish due…
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Citi outline bearish and bullish risks for oil under Trump
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Reuters published a piece from Citi’s report on politics and oil. Briefly: Trump presidency may cause oil prices to fall A combination of factors including tariffs, oil-friendly policies, and OPEC+ pushing more oil into the market The main upside risk to oil markets under a Trump presidency is pressure on…
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Citi sees potential for USD/JPY tactical longs amid strong US GDP data By Investing.com
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Citigroup highlighted the key support level for the Japanese yen against the US dollar, noting that the pair maintained its position above the 152 level. This level was previously identified as an important resistance point throughout 2022 and early 2023, and served as a crucial breakout area in 2024. Additionally,…
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Citi maintains buy on Micron stock, eyes Samsung move By Investing.com
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On Monday, Citi reiterated its buy rating on Micron Technology (NASDAQ:) with a $175.00 price target. The firm expressed concerns that the stock could face short-term pressure. The focal point of these concerns is the expectation that Samsung (KS:) will qualify for its high rating. Bandwidth (NASDAQ:) Memory (HBM) with…
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Citi reports solid Q2 amid regulatory scrutiny By Investing.com
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Citigroup Inc. (NYSE:) reported a strong second quarter for 2024, with a net income of $3.2 billion and earnings per share (EPS) of $1.52. The bank saw revenues increase by 4%, with notable growth in its Services, Markets, Wealth, and US Personal Banking divisions. Despite the positive financial performance, Citigroup…
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US regulators fine Citi $136 million for failing to fix longstanding data issues By Reuters
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By Michelle Price, Beth Schroeder, and Tatiana Bautzer WASHINGTON (Reuters) – U.S. banking regulators have fined Citigroup Inc $136 million for making “insufficient progress” in fixing data management issues identified in 2020 and required the bank to demonstrate it is devoting sufficient resources to the effort. The U.S. Federal Reserve…