Reported about 13 hours ago
Barclays has reduced its year-end target for the STOXX 600 index to 490 from 580 due to rising trade tensions and recession fears, marking its second cut in less than a month. The firm cautioned that current conditions offer no reliable framework for forecasts, predicting a potential drop to 390 points in a worst-case scenario, while a rapid de-escalation could allow a rebound to 550. As global equities struggle, Barclays has shifted to an 'overweight' position on the FTSE 100, reflecting concerns about stagflation.
Source: YAHOO