Citigroup: Rates HKEX as "sell", with a target price reduced to HKD 230.

Citigroup released a research report stating that it gives a "sell" rating on Hong Kong Stock Exchange (00388), and lowers the earnings per share forecast for the fiscal years 2024 to 2026 by 1% to 3% to reflect the downward adjustment of the average daily turnover forecast. The target price is lowered from HK$240 to HK$230. The company's performance for the second quarter is expected to be good but with uncertain growth prospects. Due to the market sentiment weakening again, the average daily turnover since July is about 100 billion yuan. Citigroup pointed out that Hong Kong Stock Exchange will announce the second quarter results on August 21. The bank predicts that the second quarter net profit will reach 3.3 billion yuan, an increase of 10% and 12% quarter-on-quarter and year-on-year, respectively, which is 2% higher than the market forecast.

新浪港股00:12 ET

Citigroup: If the Euro/Yen approaches 180, the Japanese government may intervene.

Citigroup analysts said that if the euro against the yen approaches 180, the Japanese authorities may sell euros. The euro went up to 175.43 on July 11, reaching its highest level since the euro was introduced in 1999. The currency pair subsequently fell back and was around 171 in early Tokyo trading on Tuesday. Japanese authorities may have spent about JPY 3.5 trillion ($22 billion) on July 11 to support the yen exchange rate - suspected third intervention this year. The next day, the Bank of Japan reportedly conducted a currency rate check on the euro/yen in the foreign exchange market and then allegedly intervened for the second consecutive day in the dollar/yen.

環球市場播報20:25 ET

On Monday, crude oil in the USA WTI fell by 0.4%, dropping to the lowest level in a month.

Early on the morning of the 23rd Beijing time, the price of US WTI crude oil futures fell for the second consecutive trading day on Monday, and fell to the lowest level in more than a month. Investors ignored U.S. President Biden's decision not to seek re-election and instead focused on signs of rising inventories and weak demand. The West Texas Intermediate (WTI) crude oil futures price for August delivery on the New York Mercantile Exchange closed down $0.35, or about 0.44%, at $79.78 per barrel. September WTI crude oil fell $0.45 to $78.19 per barrel. Brent crude oil futures prices fell $0.47, or 0.6%, to $8

環球市場播報15:07 ET

Citi Advisors Managing $3 Billion Depart for Alpha Capital Family Office -- Barrons.com

By Kenneth Corbin A pair of advisors who oversaw more than $3 billion in client assets at Citi Private Bank has left to join Alpha Capital Family Office, a registered investment advisor in Denver

Barron'sJul 22 08:03 ET

Citigroup (NYSE:C) Is Paying Out A Larger Dividend Than Last Year

Yahoo FinanceJul 22 07:07 ET

Express News | Citigroup - Appoints Ed Huntsman as Head of Financing, Markets, for Japan, Asia North & Australia, and Asia South

ReutersJul 22 01:41 ET