Reported 1 day ago
Citi analysts have downgraded their recommendation for U.S. stocks to 'neutral' due to rising recession fears, suggesting that the U.S. economy may not outperform globally in the near future. Conversely, they upgraded their outlook on China from 'neutral' to 'overweight', predicting a GDP growth of 4.7% this year, aided by investments in artificial intelligence. This shift comes after a significant drop in the Nasdaq and S&P 500 indices.
Source: YAHOO