Reported 2 days ago
Citigroup has downgraded its rating on U.S. equities from 'overweight' to 'neutral' amid concerns that President Trump's tariffs could hinder earnings growth, with analysts noting a diminishing 'exceptionalism' in both GDP and EPS perspectives. The firm has also upgraded Japanese equities to 'overweight' while downgrading emerging markets to 'underweight'.
Source: YAHOO