Citigroup raises Japan stocks to 'neutral,' cuts UK to 'underweight'
© Reuters. FILE PHOTO: Staff enter the Citigroup building in London's financial district of Canary Wharf November 18, 2008. REUTERS/Kevin Coombs/File Photo) 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. "Global economic risks generally look more balanced, though downside risks remain," equity strategists at Citigroup said in a note.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s Suzuki declines to comment on whether Japan intervened in FX marketJapanese Finance Minister Shunichi Suzuki declined once again on Thursday to “comment on whether Japan intervened in FX market.” Additional quotes The
Read more »
Citigroup outlines layoff process, reassignments in overhaul -memoCitigroup has embarked on its biggest reorganization in decades, its managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off, according to a global memo to staff on Wednesday seen by Reuters.
Read more »
Citigroup outlines layoff process, reassignments in overhaul -memo By ReutersCitigroup outlines layoff process, reassignments in overhaul -memo
Read more »
Citigroup outlines process for layoffs, reassignments in memoCitigroup managers are in the process of reviewing staff rosters ahead amid a restructuring that will be announced in November, according to a memo seen by Reuters.
Read more »
‘Mind-boggling’ sea creature spotted off Japan has finally been identifiedTiny, flittering swimmer wasn’t a worm, a mollusk, or a crustacean. What was it?
Read more »