Citigroup Announces Strategic Sector Updates, Plans ETF Surge in Europe

Citigroup has announced several strategic updates affecting various sectors. The financial giant unveiled a plan to power an active ETF surge in Europe, as reported by the Financial Times. Additionally, Citigroup has raised the U.S. banking sector to overweight, indicating a positive outlook for this sector. Conversely, the bank has downgraded the U.S. consumer discretionary sector to neutral from overweight. In another move, Citigroup has also upgraded European equities to neutral from underweight.