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

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

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