Citigroup raises Japan stocks to \u0027neutral,\u0027 cuts UK to \u0027underweight\u0027

📆 06/10/2023 16:32:00
📰 ChannelNewsAsia

⏱ Reading Time:
9 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 66%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Citigroup on Friday upgraded its recommendation on Japanese stocks to \u0022neutral\u0022 as the country\u0027s economy and earnings look resilient, but downgraded British equities to \u0022underweight\u0022 due to high exposure to fluctuations in oil prices.The Wall Street brokerage also cut its rating for the global energy sect

FILE PHOTO: Staff enter the Citigroup building in London's financial district of Canary Wharf November 18, 2008. REUTERS/Kevin Coombs/File PhotoCitigroup on Friday upgraded its recommendation on Japanese stocks to"neutral" as the country's economy and earnings look resilient, but downgraded British equities to"underweight" due to high exposure to fluctuations in oil prices.

It said that if hopes of a"soft landing" in the United States prevail, cyclical stocks should outperform, with cyclical markets such as Japan also benefiting.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Many factors to consider if FX moves are \u0027excessive\u0027 -Japan Finance MinisterTOKYO : Japanese Finance Minister Shunichi Suzuki said on Friday there were many factors to consider in determining whether moves in the foreign exchange market were \u0022excessive\u0022, adding that there were no changes in how the government would deal with them.Japanese authorities are focusing on the speed of
Fonte: ChannelNewsAsia - 🏆 6. / 66 Consulte Mais informação »