Wall Street macro traders see worst annual performance since the epidemic outbreak.

Global banks' forex and interest rate trading revenue is expected to hit the lowest level since the pandemic, influenced by narrowing profit margins and a challenging macroeconomic environment. According to data collected by Coalition Greenwich, Goldman Sachs, JPMorgan, Citigroup, Morgan Stanley, and over 250 other companies' G-10 interest rate trading is projected to collectively generate 32 billion USD in revenue, while forex trading revenue is expected to be 16.7 billion USD, representing year-on-year reductions of approximately 17% and 9%, respectively. Investor confidence in making significant macro trading views has declined this year, as unexpected economic data has undermined expectations of interest rate cuts from major global central banks.

Global market report.23:12 ET

Citi: Maintains a 'buy' rating on Luk Fook Holdings, with target price lowered to HK$17.

Citigroup released a research report stating that luk fook hold (00590) has lowered its sales and profit margin forecasts after announcing its performance for the first half of 2025, resulting in a 23.4% decrease in the target price from HKD 22.2 to HKD 17, while maintaining a "buy" rating. Citigroup analysts pointed out that luk fook's interim net profit decline of 56% aligns with previous announcements, and management expects that due to the peak sales season approaching and a lower base, coupled with a slowdown in store closures in mainland china, the group's sales and profit margin performance in the second half of 2025 will improve. Citigroup believes that luk fook is currently attractively valued, with a predicted pe of 9 times and a dividend yield.

Sina Hong Kong stocksNov 28 03:12 ET

Citigroup Options Spot-On: On November 27th, 136.39K Contracts Were Traded, With 2.33 Million Open Interest

Moomoo NewsNov 27 16:30 ET

Wednesday Ends With Index Decline | Wall Street Today

Kevin TraversNov 27 16:08 ET

Spotlight on Citigroup: Analyzing the Surge in Options Activity

BenzingaNov 27 14:16 ET

Unusual Options Activity: AAL, COIN and Others Attract Market Bets, AAL V/OI Ratio Reaches 75.0

Moomoo NewsNov 27 13:30 ET