Citi Strategists Downgrade US Tech Stocks as Rally to Broaden
The US stock rally is set to broaden out beyond technology, according to Citigroup Inc. strategists whose outlook on the sector has turned more cautious.
The US stock rally is set to broaden out beyond technology, according to Citigroup Inc. strategists whose outlook on the sector has turned more cautious.
South Sudan’s state revenues have plummeted as a result of a ruptured pipeline crucial for the country’s ability to export crude to foreign markets.
Shares in Asia rose following gains on Wall Street, with focus shifting to key US consumer price data due later Friday.
Goldman Sachs Group Inc. analysts believe that the high-stakes municipal vote in Istanbul on Sunday will have a positive impact on the Turkish lira, amid increased pressure on the currency because of revived demand for hard currency this month.
Japan’s top currency official said recent yen weakness is odd and out of line with current economic fundamentals, reaffirming his commitment to act if needed to prevent excessive swings in the exchange rate.
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