当地时间8月25日，美股三大股指集体收跌。道指收跌349.27点，报45282.47点，跌幅为0.77%；纳指收跌47.24点，报21449.29点，跌幅为0.22%；标普500 指数收跌27.59点，报6439.32点，跌幅为0.43%。 银行股多数下跌，摩根大通跌0.49%，高盛跌0.45%，花旗跌0.31%，摩根士丹利跌0.25%，美国银行涨0.04%，富国银行涨超1%。 中概股涨跌不一，纳斯达克中国金龙指数涨0.11%。热门中概股方面，大全新能源涨逾4%，新濠博亚娱乐涨超3%，网易涨逾2%，涂鸦智能涨超2%，健永 生技涨逾2%。跌幅方面，新蛋跌逾15%，大健云仓跌超9%，盛美半导体跌逾5%，霸王茶姬跌超4%。 根据芝加哥商品交易所集团的Fed watch工具，交易员目前认为美联储9月份降息的可能性为84%。 英国伦敦股市休市，欧洲其他两大主要股指当天均以下跌报收。法国巴黎股市CAC40指数报收于7843.04点，较前一交易日下跌126.65点，跌幅为1.59%； 德国法兰克福股市DAX指数报收于24273.12点，较前一交易日下跌89.97点，跌幅为0.37%。 来源公开信息及市场数据 （文章来源：国 ...

Flash | 21 Aug 2025 03:58:14 ET │ 9 pages Jack Shang, CFAAC +852-2501-2441 jack.shang@citi.com Anna Wang China Coal 2025 On-ground Demand Monitor Series #124 – Thermal Coal Production and Inventory CITI'S TAKE In this series of notes, we aim to track and analyze high-frequency on- ground demand trends in China – market expectation on a demand recovery has been largely cautious. In this note, we enclose weekly data from Sxcoal, a consultant, on 100 sample China thermal coal mines' production and inventory da ...

V i e w p o i n t | 21 Aug 2025 21:26:47 ET │ 10 pages China Economics China Export Tracker (16): High Base to Kick In? CITI'S TAKE We update our high-frequency trackers of Chinese exports up to Aug 20th . Tail risks for US-China tariffs could be largely defused, while uncertainty remains on US demand. China's overall cargo throughput remained stable but is softening in year-on-year terms as the high base from last year gradually kicks in. +852-2501-2792 xinyu.ji@citi.com Yuanliu Hu AC +852-2501-2746 yuanli ...

Flash | 21 Aug 2025 13:07:25 ET │ 10 pages China Materials 2025 On-ground Demand Monitor Series #125 – Aluminum Inventory and Consumption CITI'S TAKE In this series of notes, we aim to track and analyze high-frequency on- ground demand trends in China – market expectation on demand recovery has been largely cautious. In this note, we enclose weekly data from Mysteel, a consultant, on China aluminum ingot and billet production, inventory, and apparent consumption data during the week of 14th to 20th August 2 ...

V i e w p o i n t | 20 Aug 2025 08:41:26 ET │ 27 pages Global Economic Outlook & Strategy Tariffs Remain Front & Center CITI'S TAKE The global economy has shown continued resilience. Growth during the first half of the year slowed to 2½%, down from near 3% last year. But consumers and firms have absorbed tariff-related pressures surprisingly well, and our narratives for global inflation, monetary policy, and markets have remained broadly intact. Going forward, we see global growth stepping down in H2 to a l ...

Citigroup’s two remaining traders on its Latin America corporate credit desk in New York have left the bank, according to people familiar with the matter https://t.co/I5KgRSK5ve ...

Citigroup has named Erik Savola as head of corporate banking for Europe as the US bank continues to beef up its investment banking franchise https://t.co/oT6uV8q851 ...

We are back on halftime with final trading. Steve Weiss, you're up first. >> I bought some verdives.Stocks down over 20% since they reported a great quarter. Data center craze isn't dying anytime soon. >> Kevin Simpson, >> DraftKings football season kicks off this week in Philadelphia.Go Birds. >> Jason Snip, >> Palo Alto. I really like this cyber arc acquisition.I think we'll be a creative to the name. >> Jim Labenthal with the final word. >> Cityroup.And as the old commercial goes, and I'll only do this o ...

Despite the abruptly weakening economic data, we still see a hopeful summer for China markets, a view we have held through the summer. Liquidity could be the primary driving factor behind, which improved across the board in the past few weeks. We don't expect an imminent tightening by the PBoC despite the MPR's guidance to prevent "funds circulating within the financial system". After recent consumer-supporting measures, we eye on a potential new round of property support and a catch-up in infrastructure co ...

Personnel Change - Citigroup appointed Asghar Ali as head of corporate banking real estate to enhance its position in the sector [1]