Citi Downgrades Europe to Neutral as Greenland Tariffs Cloud Earnings Outlook
TL;DR Summary
Citi’s global strategy team downgrades European stocks to neutral amid tariff‑driven uncertainty tied to the Greenland dispute, trimming 2026 European EPS growth to about 8% from around 10% and highlighting euro strength and high export exposure as key downside risks for the Stoxx 600. The firm also shifts autos and chemicals to sell while energy is left neutral, and notes Europe could face retaliatory measures totaling about €93 billion as U.S.–EU tensions persist.
- One Wall Street bank wastes no time downgrading Europe over Greenland threat MarketWatch
- Citi Downgrades European Stocks on US Friction Over Greenland Bloomberg.com
- Morgan Stanley: Trump tariff threat poses limited broad risk to Europe stocks investingLive
- Leading US bank downgrades European equities as “Greenland” tariffs raise inflation risk Proactive financial news
- Citi says the step-up in tensions and tariff uncertainty dents near-term investment case for European equities marketscreener.com
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