Citi strategist: Expects global stock markets to rise 10% this year
ChainCatcher news, Citigroup strategists expect the MSCI Global Index to rise by 10% this year, with returns between regions becoming "more balanced."
The team led by Beata Manthey anticipates that the upward trend will only become widespread after Trump takes office later this month. A 10% growth in global corporate earnings per share is expected by 2025; in the U.S., the gap between the "seven giants" and other stocks is expected to narrow. The rating for global healthcare stocks has been upgraded to overweight; ratings for consumer discretionary, utilities, and industrial stocks have been downgraded to underweight. The overweight stance on U.S. stocks is maintained; Europe is recommended as their "most favored cyclical diversified investment," as "bearish tops" are showing "signs of a turning point." (Jin Shi)