Barclays raises 2026 year-end target for STOXX 600 to 670 (prev. exp. 620); upgrades EU luxury goods to Overweight; downgrades EU Pharma to Underweight

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Alibaba (BABA) to launch data centers in France; suite of agentic AI services set to launch for European customers later this year

European Movers: Straumann (STMN SW) +8.3%, Auto1 (AG1 GY) +6.5%, Games Workshop (GAW LN) +0.9%, Scor (SCR FP) -1.6%, BMW (BMW GY) -10%

Barclays raises 2026 year-end target for STOXX 600 to 670 (prev. exp. 620); upgrades EU luxury goods to Overweight; downgrades EU Pharma to Underweight

Swedish Origo Inflation Expectations Survey:

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