scorecardresearchCiti’s Manthey Sees Europe Stocks Falling 10% If Russia Cuts Gas

Citi’s Manthey Sees Europe Stocks Falling 10% If Russia Cuts Gas

Updated: 19 Jul 2022, 01:43 PM IST
TL;DR.
European stocks could slump another 10% if Russia cuts off gas to the region, triggering a recession, according to Citigroup Inc. strategists.
The DAX Index yield curve at the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Monday, May 30, 2020. European stocks have been under pressure this year amid a flurry of concerns spanning hawkish central banks, slowing growth, soaring prices and the war in Ukraine. Photograph: Alex Kraus/Bloomberg

The DAX Index yield curve at the Frankfurt Stock Exchange, operated by Deutsche Boerse AG, in Frankfurt, Germany, on Monday, May 30, 2020. European stocks have been under pressure this year amid a flurry of concerns spanning hawkish central banks, slowing growth, soaring prices and the war in Ukraine. Photograph: Alex Kraus/Bloomberg