The Chief Investment Office recently added an “overweight” rating European equities as the scope for flows and policy support remains high. Read more about our latest observations for European equities.
Sign On
Bringing Citi's Global Views to You with
Citi Wealth Insights
Stay updated on key global market developments and Citi's house views on the latest headlines
- 2025 Wealth Insights
- CIO Strategy Bulletin
- FX Focus
Q3 2025: Navigate volatility with investment grade fixed income
29 Aug 2025
Volatility remains a concern as we approach a traditional period of weakness in August and September. We remain alert to the potential risks that tariffs and evolving policies may pose to US growth in the second half of 2025. Our base case anticipates slow, but not stalled, economic activity. In this economic landscape, we believe investment grade fixed income may be the best poised to handle the volatility and to provide opportunities for some growth and stability. Our cautious stance on risk also supports our decision to maintain a high-quality credit bias, focusing primarily on investment-grade securities due to the lower correlation of lower-quality credit spreads with equity markets.
Read more in your Citi Mobile® App’s Digital Library*.
Building Quality into Portfolios
18 July 2025
In our latest Global Investment Committee Asset Allocation, we continue to view quality companies as being best positioned to weather volatile and highly uncertain trade, geopolitical and macroeconomic environments. These companies tend to have strong fundamentals and stable earnings which may weather them through a range of economic conditions.
Read more in your Citi Mobile® App’s Digital Library*.
Navigating US Markets without Government Data
06 Oct 2025
- While we have gained confidence on a resilient nominal growth environment into year-end and remain constructive on risk in the medium-term, we still believe it is still too early to see if there will be impact from tariff-driven inflation and its related impacts.
Read more in your Citi Mobile® App’s Digital Library*.
CIO Views October 2025
03 Oct 2025
- Lower rates, fiscal stimulus, and tax cuts are offsetting tariff headwinds for now, but inflation and consumption effects are still in the early innings. As such, we are maintaining our neutral risk allocations in portfolios.
Read more in your Citi Mobile® App’s Digital Library*.
Adjusting to the new nominal
29 Sep 2025
- Market reaction to Fed cut points to near-term reflation potential. Entering the Fed meeting last week, our view centered around the potential for increased inflation expectations and higher yields resulting from an adjustment lower in the policy rate. Since then, US Treasury yields have moved 15-20bps higher across the curve, solely driven by a move higher in inflation indexed/real yields. This shift higher in real yields reflects investors requiring more yield compensation due to a higher expected inflation rate in the future.
Read more in your Citi Mobile® App’s Digital Library*.
Fed pivots and cuts rates 25bps
22 Sep 2025
- The Federal Open Market Committee cut rates by 25bps to 4.25% at its September meeting. Two more rate cuts are anticipated for the rest of the year. Over longer term horizons, new all-time highs tend to beget new all-time highs when the Federal Reserve is reducing interest rates. However, more interest rate cuts may lead to a more prolonged period of USD underperformance and, therefore, emerging market equity outperformance.
Read more in your Citi Mobile® App’s Digital Library*.
Market crossroads: Fed, AI, and Trade
15 Sep 2025
- The Federal Reserve is set to cut interest rates by 25bps. Globally, cutting cycles slow down as rising longer-term rates reflect an improving outlook. Cloud and AI trends remain firmly intact, while rate cuts support real-economy sectors. Tariff effects are still in early innings with the bulk of the impact expected to show in 3Q and 4Q.
Read more in your Citi Mobile® App’s Digital Library*.
Labor Dynamics Argue for Fed Support
08 Sep 2025
- Last week’s disappointing US labor market report confirmed a sluggish jobs market and solidified a Federal Reserve rate cut at their meeting this month. We see monetary policy focus on an evolving labor market opening the door for nominally (i.e. with inflation) improving activity in the medium-term.
Read more in your Citi Mobile® App’s Digital Library*.
Slowing, but not stalled, economic activity
02 Sep 2025
- We expect a slowdown in 2H2025 economic activity but not a collapse. The full impact of tariffs remains to be seen given sharing of costs across exporters, corporations, and consumers. Within the CIO views deck, we provide a compilation of observations we made for macroeconomics, equities, fixed income, FX, and commodities that will help to navigate markets.
Read more in your Citi Mobile® App’s Digital Library*.
Markets celebrate Powell’s dovish tilt
25 Aug 2025
- A dovish tilt from Fed Chair Powell’s speech gave rise to investors’ risk appetite for risk-taking. However, the US labor market and the inflationary outlook would give a challenging setup for future FOMC meetings later this year.
Read more in your Citi Mobile® App’s Digital Library*.
Tariff tremors turn the market
18 Aug 2025
Mixed economic data increased factor volatility. Weak July jobs report solidified the chance for a September rate cut but above-target inflation limits the magnitude of the rate cut. Chinese equities see strong liquidity and targeted policy support.
Read more in your Citi Mobile® App’s Digital Library*.
K-shaped frictions in equities and the Fed mandate
11 Aug 2025
- Tech stocks continue to be poised for outperformance due to significant AI investment. Despite concerns on sticky inflation, there is continued political pressure on the Federal Reserve for rate cuts.
Read more in your Citi Mobile® App’s Digital Library*.
Big Tech triumphs, macro mixed
4 Aug 2025
- The continued dominance of Tech earnings reminded investors that the market is not the economy. Looking ahead, newly announced tariffs adds a headwind to further equity upside.
Read more in your Citi Mobile® App’s Digital Library*.
Will the SGD strengthen further?
25 Sep 2025
The Singapore dollar (SGD) is the 2nd best performer within Asia EM FX YTD and at the current 1.2760 vs USD, appears to be heading towards the highs last seen against USD in mid-2014 at just under 1.2400…if the Monetary Authority of Singapore (MAS) allows it.
Read more in your Citi Mobile® App’s Digital Library*.
NZD likely to underperform AUD on growth, rate differentials and external drivers
12 Sep 2025
NZ growth is stalling amid a sharply weakening labor market whereas Australia’s growth has likely troughed. Australia’s labor market is also expected to remain within the bounds of full-employment estimates. Externally, Australia has a higher beta to China in comparison to NZ and the de-escalation in US-China trade tensions raises the prospect for some RMB strength as part of a broad trade/ currency agreement with the US. This also likely benefits AUD more than NZD over the medium-term.
Read more in your Citi Mobile® App’s Digital Library*.
Sterling’s underperformance against EUR could continue
28 Aug 2025
The United Kingdom appears to have a better trade deal outcome with the US than the euro area currently based on the tariff figure alone. But the sterling has still underperformed the euro since the start of this year as stagflationary headwinds and policy constraints dominate the UK landscape. This might continue and could see sterling underperformance against euro extend to year end, leading the EURGBP cross to head higher towards the 0.8800 – 0.8900 level later this year or in early 2026.
Read more in your Citi Mobile® App’s Digital Library*.
USD’s tactical rebound may lead to range-bound 2H25
19 Aug 2025
Prior to the US July jobs report release on August 1, the dollar staged a tactical rebound in early July. But this tactical rebound may be ending, and USD’s next bearish phase may be commencing.
Read more in your Citi Mobile® App’s Digital Library*.
Our Wealth Solutions
Deposits Account
Choose from a variety of our offerings to enjoy higher interest rates on your savings and suit your financial planning needs, even with options to hold it in your local currency.
Investment Products
Grow and build your wealth with Citi's wide array of wealth management solutions and investment products.
Citibank Portfolio Finance
Citibank Portfolio Finance enables you to borrow at competitive rates against a broad range of financial assets as collaterals, including cash and equivalents, equities, bonds, mutual funds and structured notes, to meet liquidity needs and investment opportunities.
Mortgage
Your search for an ideal property financing solution ends with Citi Mortgage. Our Mortgage Advisors and Mortgage Client Care Team are committed to partnering you throughout your mortgage journey with us.
Insurance
In partnership with AIA, we help you protect your wealth against unforeseen events in life and safeguard the legacy you want to leave for your loved ones, with our suite of insurance solutions and dedicated insurance specialists.
Start your wealth journey with a Citi account.
At Citi, we understand your aspirations and wealth goals evolve over time. That is why we offer a range of wealth advisory as well as products and solutions to suit your changing needs.
Citigold
Singapore Clients: AUM S$250,000 to < S$1.5 Million
IPB Clients: AUM US$200,000 to < US$1 Million
- Be supported by a dedicated Relationship Manager and team of specialists
- Set, track and modify your goals with the Total Wealth Advisor tool
- Manage your wealth on-the-go with the Citi Mobile® App
- Enjoy preferential rates and lifestyle privileges curated for you
- Be invited to market updates and bespoke lifestyle events
Citigold Private Client
Singapore Clients: AUM S$1.5 Million and above
IPB Clients: AUM US$1 Million and above
- Be supported by a dedicated Senior Relationship Manager and team of senior specialists
- Gain access to a range of portfolio management and digital wealth tools, and enjoy preferential rates
- Manage your wealth on-the-go with the Citi Mobile® App
- Relish in a broad range of travel and lifestyle privileges
- Be invited to market updates and bespoke lifestyle events
*Digital Library in Citi Mobile® App is available for Citigold and Citigold Private Client customers, and approved offshore customers
Contents herewith are for general information only and should not be relied upon as financial advice. Such contents have no regard to the specific objectives, financial situation and particular needs of any specific person and is not intended to be an exhaustive discussion of the strategies or concepts mentioned herein or tax or legal advice. It is neither an offer nor a solicitation to purchase, nor endorsement or recommendation of, any products or services by Citibank Singapore Limited ("CSL"), its related entities, or their respective representatives, directors, agents and employees (together, “Citigroup”). This email does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution, offer or solicitation is not authorised or to any person to whom it is unlawful to distribute such information or make any offer or solicitation.
This communication is distributed by Citibank Singapore Limited (‘CSL’) and is for general information purposes only. CSL provides no independent research or analysis of the substance or in preparation of this communication. Investment products are not insured under the provisions of the Deposit Insurance and Policy Owners’ Protection Schemes Act of Singapore and are not eligible for deposit insurance coverage under the Deposit Insurance Scheme.
Citigroup makes no representation or warranty as to the accuracy, truth, adequacy, completeness, fitness for purpose, non-infringement of third party rights or continued applicability of the contents of this email. Citigroup shall not be liable for any complaint, suit, action, claim, expense, loss or damages directly or indirectly arising out of or in connection with any person’s viewing, reliance on or acting upon or use of any contents in this webpage.
Any person interested in the strategies or concepts mentioned herein should consult their independent tax, legal, financial or other advisors, as appropriate. It is not intended as a recommendation nor an offer or solicitation for the purchase, loan, swap or sale of securities, financial products, services or currencies. Interested investors should seek the advice of their Relationship Managers as appropriate.
For full disclaimers and terms and conditions applicable to relevant products and services, go to Citibank Online and click on “BANKING INFORMATION” at the bottom of the page.
©2024 Citibank Singapore Limited. All rights reserved. Citi, Citibank, Citigold Private Client, Citi and Arc Design, and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world. Citibank Singapore Limited Co. Reg. No. 200309485K.
Download the Citi Mobile® App
Citibank Singapore Ltd Co.Reg. No. 200309485K
Copyright © 2025 Citigroup Inc.