Intel stock extends gains after report of possible U.S. government stake
Citi analysts provided insights into the potential effects of upcoming tariff measures expected to gain clarity in early April. According to their analysis, aggressive tariffs could result in a weaker performance for risk assets, a favorable outcome for bonds, and a slight weakening of the USD.
Citi’s stance remains cautious due to the high degree of uncertainty regarding the specific measures that might be implemented and how quickly they will take effect. As a result, the firm has decided to maintain a neutral position in equities, expressing a preference for long positions in Chinese stocks and short positions in Japanese stocks.
In the bond market, Citi has made adjustments by upgrading bunds and downgrading gilts, while continuing to hold an underweight position in Japanese Government Bonds (JGBs). This recalibration reflects their current strategy to stay agile and ready to respond to the clarifications expected in the next month.
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