Citi strategists downgrade European stocks to neutral due to French political turmoil, upgrading US stocks to overweight.
Citi strategists downgraded European stocks to neutral from overweight, citing political turmoil, particularly in France, as the primary factor. This decision coincides with an upgrade of US stocks to overweight from neutral, due to their higher growth potential and defensive nature in uncertain times. Analysts predict US stocks to continue outperforming European ones, given the current political landscape.
June 17, 2024
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