--- title: "花旗银行德克・威勒：欧洲商业周期转向，超配美股，看跌美元" description: "花旗银行的德克・威勒在 2025 资产管理年会上表示，欧洲商业周期已转向，建议超配美国股票并看跌美元。他分析了全球主要市场的投资策略，认为美国股市仍有上涨空间，尤其是科技板块受益于人工智能的回归。同时，他指出美国的资本支出繁荣尚未结束，预计未来将继续推动股市表现。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/253312553.md" published_at: "2025-08-16T15:29:10.000Z" --- # 花旗银行德克・威勒：欧洲商业周期转向，超配美股，看跌美元 > 花旗银行的德克・威勒在 2025 资产管理年会上表示，欧洲商业周期已转向，建议超配美国股票并看跌美元。他分析了全球主要市场的投资策略，认为美国股市仍有上涨空间，尤其是科技板块受益于人工智能的回归。同时，他指出美国的资本支出繁荣尚未结束，预计未来将继续推动股市表现。 在 “2025 资产管理年会” 上，花旗全球宏观和资产配置研究主管德克・威勒就今年下半年全球主要市场的投资观点进行了分享。德克・威勒首先概述了花旗对各类资产的配置观点：超配股票、低配英国股票；对政府债券持中性态度，超配新兴市场债券、低配日本国债；低配欧洲和美国的投资级信贷；对大宗商品持中性态度；做空美元，做多欧元及部分新兴市场货币。在股票市场方面，德克・威勒指出 “美国例外论” 已明显回归，这一点从其相对欧洲及全球其他地区的表现中可清晰看出，而核心驱动力是人工智能交易的回归 —— 科技板块的表现引领美国市场，成为关键支撑。 ### Related Stocks - [C.US - 花旗](https://longbridge.com/zh-CN/quote/C.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Former Citigroup unit in Russia says it is changing its name to RenCap Bank | Feb 13 (Reuters) - Citigroup’sformer Russian unit, AO Citibank, said on Friday it would change its name to RenCap Bank f | [Link](https://longbridge.com/zh-CN/news/275901701.md) | | Sherwin-Williams verlängert Kreditlinie über 75 Millionen US-Dollar bis 2030 | Sherwin-Williams Company has extended its existing credit agreement with Citicorp USA, Inc. and other lenders, increasin | [Link](https://longbridge.com/zh-CN/news/275335891.md) | | Nvidia's new Meta deal may not be great news for these other tech stocks | Nvidia's expanded partnership with Meta has negatively impacted shares of competitors like Broadcom, AMD, and Arista. Me | [Link](https://longbridge.com/zh-CN/news/276186338.md) | | Robinhood to Launch Private Markets Fund for Retail Investors – These Are Its Holdings | Robinhood has launched Robinhood Ventures Fund I, its first closed-end fund, set to trade on the NYSE under the ticker R | [Link](https://longbridge.com/zh-CN/news/276167795.md) | | Western Digital to sell $3.17 billion stake in Sandisk | Feb 18 (Reuters) - Flash memory maker Sandiskon Wednesday said that Western Digitalwill sell a stake worth $3.17 billion | [Link](https://longbridge.com/zh-CN/news/276201046.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。