Lates News

Citigroup's stock strategists stated in a research report that if geopolitical risks continue to rise, stocks in the UK, Switzerland, energy companies, and traditional defensive sectors are likely to outperform in the European market. These strategists believe that the trend in oil prices may determine the near-term outlook for European stocks. Citigroup believes that as long as the surge in energy prices is not sustained, geopolitical conflicts typically only have a temporary impact on the stock market. They stated, "Looking ahead, the UK is our preferred geopolitical hedge globally; personal care and healthcare sectors are our preferred defensive sectors in Europe; in our European sector strategy, we have adjusted the rating of the energy sector from tactical to neutral." In the past week, the UK's FTSE 100 index fell by 0.3% while Switzerland's SMI index fell by 2.5%.