Fed cuts rates
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Cental bank gold buying has seen the metal rise to the point where it represents 40% of their reserves, the highest level in 30 years
Clients have become “much more active” in capital markets, investing and dealmaking after greater clarity on taxes, tariffs and deregulation, Jane Fraser told Bloomberg TV in an interview. That’s been good news for the markets businesses at Citigroup and its Wall Street rivals as they benefited from a surge in client activity.
The S&P 500 is in record territory, and investors are pricing in a quarter-point cut to interest rates on Wednesday.
Wall Street strategists are at odds as to whether the US funding markets will soften in the months ahead, given the recent increased volatility in overnight borrowing costs.
Asian markets opened cautiously on Monday as investors brace for a critical week of central bank decisions. The U.S. Federal Reserve is widely expected to cut interest rates by 25 basis points, lowering the funds rate
In this week's episode of WSJ’s Take On the Week, co-hosts Gunjan Banerji and Telis Demos talk about Oracle's shocking more than 40% stock surge after the technology company said it won several billion-dollar contracts in its latest quarter,
Bloomberg on MSN
Citi's Chronert Says Fed Rate Cuts to Spur Year-End Rally
Scott Chronert, Citi US equity strategist and managing director, expects a pickup in US equity market volatility and then a year-end rally after the Federal Reserve rate-cut cycle starts. He speaks on "Bloomberg Open Interest.
Asianet Newsable on MSN
Citi CEO Jane Fraser Sees US Dealmaking Rebound Amid Fading Recession Signs, But Says ‘Not Everything Is Rosy’
According to Dealogic data, U.S. investment banking revenue is up 12% to $34.8 billion year-to-date versus the same period last year.
Drew Pettit, Director of US Equity Strategy at Citi said that the firm is broadly underweight on emerging markets, preferring a barbell strategy of US mega-cap growth and European value stocks. Within emerging markets,