Barclays raises S&P 500 price target to 7,800 (from 7,650), and now sees FY26 EPS at USD 337 (from USD 321)

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German Chancellor Merz says will not form a minority government, not looking for another majority in parliament

Israel Finance Minister Smotrich's says there will not be a withdrawal from the Lebanon security zone as long as Hezbollah remains in the area, via Army Radio

Barclays raises S&P 500 price target to 7,800 (from 7,650), and now sees FY26 EPS at USD 337 (from USD 321)

[MARKET ANALYSIS] Fixed benefits from modest energy downside and traditional haven allure. PMI commentary points to a possible peak in price pressures.

[MARKET ANALYSIS] USD attracts haven demand as tech sells off; Antipodeans underperform, GBP awaiting further Burnham/Chancellor updates

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  • Barclays says that equities remain choppy as peace talks stop and start, and questions linger around AI spend, funding and monetisation, higher for longer rates, and consumer strength
  • Barclays says it is focussed on the improving earnings outlook

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