不少机构将美国财政危局、美元弱势和实物需求旺盛视为短中期利多因素。 今年以来，全球贸易形势变化成为了黄金上涨的重要推手。在中美日内瓦商贸谈判后，国际金价一度从 历史高位回撤近6%，然而美国总统特朗普在关税问题上反复和随后美国多边贸易谈判缺乏实质性进展 使得市场焦虑情绪卷土重来。花旗在最新报告中将三个月金价目标位再次调回至3500美元，不过长期前 景面临不利因素挑战。与此同时，不少机构将美国财政危局、美元弱势和实物需求旺盛视为短中期利多 因素。 由于地缘政治和美国总统特朗普的关税政策的不确定性，金价今年累计上涨超过20%。 券商麦格理表示，美国预算前景的恶化表明通胀可能会上升，这将有利于黄金作为对冲工具。总体而 言，日益增长的避险吸引力可能会使金价在第三季度飙升至历史新高。 5月16日，评级机构穆迪将美国政府的长期发行人和无担保债务发行人评级从Aaa下调至Aa1。穆迪在声 明中警告，美国持续的大规模财政赤字将进一步推高政府债务和利息支出负担，财政状况很可能会恶 化。长期债券尤其受到赤字担忧的影响，投资者上周对20年期美债拍卖反应冷淡，30年期美债收益率达 到2023年10月以来的最高水平。 花旗：短期看好长期谨 ...

校对：廖胜超 百万用户都在看 超级空头，突袭！ 北交所，突然大异动！发生了什么？ 最新！特朗普，签了！ 突发！下调25个基点，直线跳水！ 关税，传来大变数！证监会最新发布！影响一周市场的十大消息 利好来袭！芯片、特朗普，突传重磅！ 违法和不良信息举报电话：0755-83514034 邮箱：bwb@stcn.com 杜颂安表示，花旗将继续深耕中国市场，愿进一步加强对华投资合作，围绕证券、期货、金融衍生品等领 域在华积极布局相关新业务。施瓦茨表示，凯雷看好中国经济发展前景，愿致力于对华长期合作，不断扩 大在华投资新布局。 来源：新华社 责编：刘珺宇 中共中央政治局委员、国务院副总理何立峰5月23日上午在人民大会堂分别会见美国花旗集团董事长杜颂 安、凯雷投资集团首席执行官施瓦茨。 何立峰表示，当前中国经济运行延续回升向好态势，一、二、三产业的发展潜力都在持续释放，高质量发 展扎实推进，展现出强大韧性和活力。中国正着力构建全国统一大市场，坚定不移扩大高水平对外开放， 持续对标国际高标准经贸规则，不断优化营商环境，大力鼓励外商投资，为跨国公司在华长期稳定发展提 供广阔空间。欢迎包括花旗、凯雷在内的外资金融机构来华投资兴 ...

随着特朗普政府可能放松加密货币监管，美国最大银行集团正秘密筹划发行联合稳定币，以抵御加密行 业日益激烈的竞争。 根据《华尔街日报》5月22日报道，摩根大通、美国银行、花旗集团、富国银行等美国顶级金融机构正 在探讨发行联合稳定币（joint stablecoin）的可能性。这些讨论涉及由这些银行共同拥有的企业，包括 运营点对点支付系统Zelle的Early Warning Services和实时支付网络Clearing House。 消息人士透露： 这些银行正准备应对稳定币在特朗普总统领导下可能被广泛采用的情况，这可能会分流它们 处理的存款和交易，特别是如果大型科技公司或零售商也参与其中。 银行联盟的讨论仍处于早期概念阶段，可能存在变动。 美国稳定币立法取得进展 此前华尔街见闻文章提到，美国正在审议GENIUS法案，该法案为稳定币的监管框架提供了清晰的指 引。稳定币监管法案现已准备在美国参议院展开辩论，两党议员希望尽快推动通过，最快可能在本周内 完成。 这意味着稳定币发行的监管框架正在逐步成型，有望为银行和非银行金融机构的合作提供法律保障。 此外，特朗普政府为加密货币领域释放出了友好的监管态度。今年3月，特朗普 ...

Group 1 - Major U.S. banks are considering a joint venture to create a dollar-pegged stablecoin to compete with the cryptocurrency sector [1][2] - The banks involved include JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, with discussions in early stages involving Early Warning Services and the Clearing House [2][3] - The decision to move forward with the stablecoin will depend on legislative actions and market demand, as the banking industry prepares for potential widespread adoption [3][4] Group 2 - The potential joint venture coincides with the Senate's progress on the GENIUS Act, which aims to establish a regulatory framework for stablecoin issuers [4] - The SEC has clarified that certain stablecoins, especially those pegged to the U.S. dollar and backed by low-risk assets, are not classified as securities [5]

金十数据5月23日讯，据华尔街日报报道，美国几家大投行正在探索是否联合发行一种联合稳定币，此 举旨在抵御来自加密货币行业不断升级的竞争。消息人士称，到目前为止，对话涉及的公司包括摩根大 通、美国银行、花旗集团、富国银行。讨论还处于早期的概念阶段，可能会发生变化。任何最终决定都 将取决于围绕稳定币的立法行动的命运，以及其他因素，比如银行是否发现对稳定币有足够的需求。投 行一直在为稳定币在特朗普总统任期内被广泛采用的可能性做准备，稳定币可能会吸走投行处理的存款 和交易，尤其是如果大型科技公司或零售商参与进来的话。在两年前的监管打击之后，银行业在加密领 域正处于追赶模式。 美国几家投行探索发行联合稳定币 ...

Core Insights - Citigroup Inc. has launched Citi AI, a suite of artificial intelligence tools designed to enhance operational efficiency for employees in Hong Kong [1] - The AI tools are currently available to around 150,000 employees across 11 countries, with plans for further expansion [2] - Citigroup is actively pursuing digital transformation initiatives, including the launch of the Citi Integrated Digital Assets Platform and partnerships with technology firms [3][4] Group 1: Citi AI Launch - Citi AI aims to improve internal processes by assisting with information retrieval, document summarization, and electronic communication writing [1] - The initiative aligns with the Hong Kong Monetary Authority's goals for responsible AI adoption in the banking sector [2] Group 2: Digital Transformation Efforts - Citigroup is accelerating its digital transformation to enhance efficiency and client services, launching the Citi Integrated Digital Assets Platform in December 2024 [3] - The bank introduced additional AI tools, Citi Assist and Citi Stylus, for 140,000 employees to streamline internal processes [3] - A multi-year agreement with Google Cloud aims to modernize Citigroup's technology infrastructure and improve client experiences [4] Group 3: Market Performance - Over the past six months, Citigroup's shares have increased by 4.9%, outperforming the industry growth of 0.8% [5]

Core Viewpoint - The recent rise in the U.S. stock market is primarily driven by three forces: programmatic trading from CTAs (Commodity Trading Advisors), continuous corporate buybacks, and aggressive retail investor buying [1][3]. Group 1: Retail Investor Activity - Retail investors have shown remarkable buying strength, with net purchases reaching $4.1 billion, marking the highest level ever recorded for that time period [1]. - Retail trading volume accounted for approximately 36%, setting a new historical record, with total net purchases for the day amounting to $5.4 billion [1][3]. Group 2: Corporate Buybacks - The end of the stock buyback blackout period has contributed to the ongoing market rally, as companies are now able to repurchase their shares [2]. - Although the year-to-date buyback authorization has reached a historical high, actual execution of these buybacks has not yet matched the authorized amounts, typically executing around 80-90% of the authorized volume [10]. Group 3: CTA Activity - CTAs remain consistent buyers regardless of market conditions, with significant inflows during sideways and rising markets, and limited selling during downturns [8][10]. - In the upcoming months, CTAs are expected to sell only during significant market declines, specifically at a 2.5 standard deviation drop [10]. - Current market activity indicates that long-term institutions are slightly net selling, while hedge funds are maintaining a neutral stance with minor adjustments in macro positions [3].

Group 1 - Citigroup, Inc. has experienced a decline of approximately 7% since a sell rating was issued in late January, although the stock has recently recovered some losses [1] - The analyst emphasizes a strong focus on the tech sector and holds a Bachelor of Commerce Degree with Distinction, majoring in Finance [1] - The analyst's core values include Excellence, Integrity, Transparency, and Respect, which are deemed essential for long-term success [1] Group 2 - The article does not provide any specific investment recommendations or advice regarding the suitability of investments for particular investors [2] - It is noted that past performance is not indicative of future results, highlighting the uncertainty in investment outcomes [2] - The analysts contributing to Seeking Alpha may not be licensed or certified by any regulatory body, indicating a diverse range of backgrounds among contributors [2]

花旗副董事长卡门·哈达德：花旗银行的高净值客户正利用黄金对冲投资组合风险。 ...

智通财经APP获悉，一些华尔街策略师认为，随着欧洲经济前景改善，欧洲股市相对于美国股市的表现 将至少创下20年来最佳水平。根据对20位策略师的调查平均值，欧洲斯托克600指数预计将在年底收于 554点左右。这意味着较上周五收盘上涨约1%。 摩根大通在调查中的目标位最高，为580点，而花旗集团预测该指数将上涨4%至570点，因为分析师们 对企业盈利的悲观情绪有所减弱。相比之下，两家银行都预计美国股市基准指数在今年剩余时间内将下 跌。 摩根大通对欧洲和美国股市的目标位差异表明，斯托克600指数在2025年的表现将比标普500指数高出25 个百分点，创下历史纪录，而花旗的预测则是2005年以来的最佳水平。 花旗策略师贝娅塔·曼泰谈到欧洲股市时表示："如果我们已经度过了盈利不确定性的高峰期，这可能为 进一步上涨和潜在的多重重新评级奠定基础，尤其是在那些受创更严重的周期性行业。" 这一前景标志着与年初预期的转变，当时策略师们预计欧洲股市将大幅落后于美国。但随着德国历史性 的财政改革和富有韧性的盈利吸引了那些寻求替代陷入贸易战的美国资产的投资者，该基准指数已经上 涨。 美国银行一周前公布的一项调查发现，目前全球基金经理中 ...