By Eleftherias Kourtalis Further devaluation of the euro is a sure “bet” according to analysts, as the jump in the price of natural gas and the worsening energy crisis in Europe, combined with the onset of recession, “trap” the common currency on a one-way path of weakness . In fact, according to ING estimates, the […]
Tag: Citi:
Citi: Inflation could reach 18% in early 2023 in Britain
UK consumer price index to peak in early 2023 at 18% – nine times the UK central bank’s stated target. Bank of England – analysts at the US bank Citi predict as a possibility, based on the recent jump in energy prices. “The question now is what monetary policy can simultaneously reduce inflation without inflicting […]
Citi: Markets are seeing a message from the Fed that ‘simply isn’t there’
The US Federal Reserve is more determined than markets think to curb inflation, Citigroup warns. With the market digesting the minutes of the Fed’s last meeting in July, Citi economist Andrew Hollenhorts believes the widely held conclusion that the central bank is preparing to slow its rate hikes is wrong. “Risk markets seem determined to […]
Citi: Raises UK inflation forecast to 15%
To 15% – at least – Citi raises its estimate for inflation in Great Britain during the first quarter of 2023, unless there are government measures to reduce prices, as the economists of the American bank report. As Citi’s Benjamin Nabarro emphasized in a note to clients, “absent compensatory support, we expect the CPI to […]
Citi sees the possibility of oil collapsing up to $45
Oil could collapse to $65 a barrel by the end of this year, but also to $45 by the end of 2023, in the event of a recession that destroys demand, Citigroup warned. According to the Citi report, this case is based on the absence of any intervention by OPEC+ producers and a potential reduction […]
Citi, Capital Economics: The ECB has given a ‘signal’ for a new strong sell-off on bonds
Of Eleftheria Kourtali The immediate reaction of the market to the ECB’s announcements about the possibility of aggressive interest rate hikes from September, as well as Christine Lagarde’s refusal to provide any new information about a possible new bond market support program to address the fragmentation, was to send a strong sell-off regional bonds. The […]
Citi after Mytilineos Roadshow: Stable in estimates for profit doubling and dynamic growth
Citi remains stable in its forecast for more than doubling Mytilineos’ profits in 2022 and for a dynamic growth course of the company beyond this year, as noted in its note, following the Roadshow organized last week by Citi for MYTILINEOS, headed by the company CFO As Citi points out: -The company is maturing a […]
Citi: Raises target price for Mytilineos – Remains buy
Citi sets a new higher target price for the share of Mytilineos, maintaining the “buy” recommendation. In particular, as it states in its report dated March 23, the new target price is set at 22 euros, from 21.50 euros previously, with the rise margin being close to 60% of the current levels. As the American […]
Citi: At $ 1.2 trillion. energy costs in Europe are expected to skyrocket in 2022
European consumers will face the highest energy bills in history this year as oil and gas prices continue to rally amid the Russian invasion of Ukraine. Based on futures prices, the total energy bill for Europe is expected to approach $ 1.2 trillion. this year, according to an analysis by Citigroup, broadcasts Bloomberg. This reflects […]
EIB-Citi Agreement: Through the Commercial Financing Facility 350 million euros for Greek export-import companies
Private companies in Greece with international orientation will benefit from a new commercial financing cooperation of 350 million euros, between the European Investment Bank (EIB) and Citi, signed in Athens, earlier today. This signature is part of the new, third, extension of the EIB’s Trade Finance Facility (TFF) program, totaling € 550 million. According to […]