Citigroup Announcements and Market Updates
Citigroup Inc. has made several announcements recently. The company has named Chris Chung as head of its equity capital markets syndicate in North America.
- Chris Chung has been appointed as head of Citigroup’s equity capital markets syndicate in North America.
Redemption of Notes
Citigroup has redeemed the following notes:
- $1.75 billion of its 3.290% Fixed Rate / Floating Rate Notes due 2026
- $500 million of its Floating Rate Notes due 2026
Market Updates
The global market is experiencing uncertainty due to trade-war chaos and concerns over recession risks.
- Credit markets indicate a lower risk of recession, suggesting that the worst of the US equity correction may be over.
- Copper prices are expected to rise in the coming months.
- Macquarie Group analysts forecast a record high of $3,500 an ounce for gold prices during the third quarter.