A note on Monday from Citi, downgraded its outlook on European equities to ‘neutral’ from ‘overweight’. Simultaneously upgraded the more "growth-oriented" US.Citi's key reasons for the Europe downgrade: heightened political risks; narrowing market leadership; and potential for a continued positioning unwind More:"Our sector allocation is tilted towards growth (‘overweights’ in tech, industrials) and select defensives (healthcare)" Citi analysts say they remain constructive over the medium-term due to early-cycle macro dynamics in Europe and inflecting fundamentals. Citi's note has spread across media outlets. This article was written by Eamonn Sheridan at www.forexlive.com
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