From Yahoo Finance: 2024-06-17 07:29:56

Citigroup downgrades European stocks due to political risks. US equities favored for higher growth potential. France’s political turmoil triggers market uncertainty, wiping off $258 billion in French firms’ market cap. Macron’s snap election announcement raises concerns about far-right majority in Parliament. Citi strategists predict cooling interest in European equities by US investors.
French markets stabilize after Le Pen’s pledge to work with Macron if she wins elections. Goldman Sachs and Evercore ISI strategists bullish on US stocks, predicting further growth and record highs. RBC Capital Markets notes potential for safe-haven seeking in US stocks amidst European political uncertainty. European stocks underperform US peers as markets react to French political upheaval.



Read more at Yahoo Finance: Citi Downgrades Europe Stocks on Political Turmoil, Upgrades US