Citi Sees Equities Boost From Fed Cuts, No US Recession

Discussing the outlook for stock markets, Citigroup’s Beata Manthey said the Federal Reserve’s interest rate cut and the prospect of the U.S. avoiding a recession bode well for “all major indexes.” Speaking to Bloomberg Television, Manthey also comments on Citi’s excessive weight on European banks and how the artificial intelligence theme will be played in Europe.