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

📆 7/10/2023 3:32 AM
📰 ChannelNewsAsia

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

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »