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Macro Takeaways from US Earnings (3/3)

EQUITIES
  • Citigroup write that: Markets revenue down from a strong Q2'22 as clients stood on the sidelines while the US debt limit played out. Fixed Income Markets revenues decreased 13% as strength in rates was more than offset by declines in currencies and commodities.
  • The long-awaited rebound in investment banking has yet to materialize. Investment banking revenue decreased as heightened macroeconomic uncertainties continued to impact client activity

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