Barclays Warns Stoxx 600 Could Drop About 10% If Brent Climbs to $100
Barclays strategists led by Emmanuel Cau say a rise in Brent crude to $100 per barrel tied to the expanding U.S.-Iran conflict could push the pan-European Stoxx 600 to roughly 550, implying about 10% downside from current levels. The team flagged a growing geopolitical risk premium, concerns about stagflation and pressure on expectations for intere…