Cheatsheet CitiFX Wire Market Commentary - FXLM - Intended for Institutional clients only Cheatsheet - G10 & EM Week Ahead: Half and half By CitiFX Wire US core CPI should, in part, comfort Fed officials but, in other, keep them squarely focused on labor and economic trends. US retail sales and consumer earnings will be key, as will initial and continuing jobless claims this week. Fedspeak, sprinkled throughout the week, should also be monitored Elsewhere in G10, the RBNZ (Wed) could skew dovish, as might N ...

V i e w p o i n t | Prepared for Philip Hu China Economics CITI'S TAKE 11 Aug 2024 21:33:53 ET │ 13 pages Top Questions on Monetary Policy – Takeaways from PBoC's MPR 24Q2 Xiangrong Yu AC +852-2501-2754 xiangrong.yu@citi.com Xinyu Ji AC +852-2501-2792 xinyu.ji@citi.com The PBoC released its Monetary Policy Report (MPR) for 24Q2 last Friday (PBoC, Aug 9). The pro-growth tone was reconfirmed with focus shifting towards countercyclical monetary policies. Yet in our view, the central bank is still walking a tig ...

V i e w p o i n t | Prepared for Philip Hu PH Q2 GDP & BSP Cut in August; CN Deflationary Concerns 11 Aug 2024 23:13:19 ET │ 14 pages CITI'S TAKE EM Asia Economics & Strategy Philippines: Q2 GDP was fairly healthy but not strong enough to delay policy rate cut in August; China: A Seasonal Beat Does Not Ease Deflationary Concerns; Upcoming Events: IN Jul CPI (Citi: 3.8%YY, Mkt: 3.60%, Prior: 5.08%) & IP, GE Current account balance Johanna Chua AC +852-2501-2357 johanna.chua@citi.com Philip Yin Samiran Chakra ...

V i e w p o i n t | Prepared for Philip Hu CNB minutes, Turkish inflation forecast CITI'S TAKE 09 Aug 2024 06:25:02 ET │ 20 pages It has been an incredible week in global macro. After the recent trigger of Sahm's rule and the unexpected BoJ hike, we believe that this higher volatility may not normalise as fast as some expect, suggesting a potential re-calibration higher in EM risk premium. We are entering a mini regime of rising investing uncertainty, whereby the start of Fed easing almost overlaps with US ...

Citi Research 9 August 2024 PULSE Monitor Earnings & Sentiment in Focus Scott T ChronertAC Managing Director scott.t.chronert@citi.com +1 415-951-1771 Drew Pettit Director drew.pettit@citi.com +1 415-951-1621 | --- | |-------------------------| | Patrick Galvin, CFA | | Vice President | | patrick.galvin@citi.com | | +1 212-816-5373 | See AppendixA-1 for AnalystCertification, Important Disclosures and ResearchAnalystAffiliations Citi Research is a division of Citigroup Global Markets Inc. (the "Firm"), which ...

Prepared for Philip Hu 09 Aug 2024 13:25:01 ET │ 18 pages Japan Equity Strategy Investment strategy with Japan equities returning to an upward trajectory CITI'S TAKE We expect Japan equities to embark on a real recovery in the second half of September after the current period of instability. The themes we highlight for investment strategy in this scenario are 1) recently devalued high-quality names with strong earnings, 2) the decoupling of Japan-US long rates, and 3) elevated visibility on a recovery in do ...

Roundup | Prepared for Philip Hu The SMID Point Friday, 09 August 2024 Company | Industry Company Nevro Corp (NVRO.N) - Upgrading to Neutral: Enthusiasm at a Trough, Guidance Seems Reasonable but Uncertainty Is High With the 2Q24 print (link), we are upgrading NVRO to Neutral from Sell. While the quarter itself was fairly benign, the full-year revenue guidance cut to $400- $405M from $435-$445M was unexpected, sending shares down 44% post print. With shares now down 73% YTD and trading at <0.5x NTM revenue, ...

Prepared for Philip Hu Citi Research August 9th, 2024 Citi Research Macro Think Tank Citi Global Research citiinvestmentresearch@citi.com +44-20-7500-1400 See AppendixA-1 for AnalystCertification, Important Disclosures and ResearchAnalystAffiliations Citi Research is a division of Citigroup Global Markets Inc. (the "Firm"), which does and seeks to do business with companies covered in its research reports. As a result, investors should be aware thatthe Firm may have a conflict ofinterestthat could affectthe ...

V i e w p o i n t | Prepared for Philip Hu 09 Aug 2024 18:41:43 ET │ 12 pages Chile Equity Strategy Funds Flows Insights - July CITI'S TAKE It was a positive month for local stocks in terms of flows coming from Chilean Institutional Investors. Pension Funds and Mutual Funds were net buyers of local equity for US$65.3mn and US$34.4mn, respectively, during July. Sectors such as: i) Real Estate, ii) Consumer Discretionary, and iii) Materials were the most preferred by the Pension Fund system, with names like B ...

Point | The Global Point Asia DBS Group (DBSM.SI) - 2Q24 beat on NII/fees, DPS S$0.54 flat; higher 2024 guidance offers some relief before focusing on 2025 guidance DBS reported PBT S$3,219m, in-line with Citi (S$3,206) but 6% ahead of consensus (S$3,047) driven by higher NII +3%qoq and fees income stable qoq. 2Q24 quarterly DPS S$0.54 as we had expected. Key positive extended from OCBC results was better asset quality sequentially; NPL ratio stable on lower absolute NPA. Outlook: Mgmt. cautiously optimisti ...