The Citigroup Inc (Citi) logo is seen at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS
July 11 (Reuters) – Citigroup on Friday introduced its mid-2026 target for the MSCI All Country World Index (ACWI) Local as they expect global equity markets to be rangebound until year-end, with “meaningful’ gains coming in the first half of next year.
The Wall-Street brokerage set a target of 1,150 for the benchmark global equity index (.dMIWD00000P), implying an upside of about 5% to its last close of 1,100.213.
“Our targets imply the most upside in Japan and Europe over the medium term,” Citi added.
Reporting by Siddarth S in Bengaluru; Editing by Janane Venkatraman
