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Tariffs on auto imports, particularly from Canada and Mexico, are expected to significantly impact the U.S. economy, potentially leading to stagflation due to simultaneous supply shocks. With inflation projected to rise and growth remaining barely positive, uncertainty in trade policies is causing businesses to hesitate, which could stall economic activity. Consumer sentiment has declined sharply, raising concerns about a potential recession as savings rates may increase, leading to reduced consumption.
In 2024, contactless spending reached a record 94.6% of eligible in-store card transactions, with the average purchase at £16.10 and individuals using the technology 236 times, totaling around £3,800 per person. The over-65s were the fastest-growing demographic, with 84.1% adopting contactless payments. Barclays emphasized that while convenience drives this trend, the importance of human interaction in retail remains vital for building customer relationships.
Shares of Canada Goose Holdings plummeted to an all-time low after Barclays downgraded the stock to "underweight" and reduced the price target from $10 to $8, citing increased competition and seasonal revenue volatility. The analysts also highlighted potential margin pressures from looming U.S. tariffs on Canadian imports, as the company relies heavily on its Canadian manufacturing for down-filled outerwear. The stock has lost approximately 35% of its value over the past year, closing at $7.86.
UBS has maintained a "Buy" rating for Santander, setting a target price of 7.20 euros. Analyst Jason Napier noted that US investors are increasingly interested in European banking stocks amid rising uncertainty over US tariffs, highlighting Santander along with Barclays, ING, and Intesa Sanpaolo as top picks.
UBS has maintained a "Buy" rating for Intesa Sanpaolo, setting a target price of 5.10 euros. Analyst Jason Napier noted increased interest from US investors in European banking stocks amid rising uncertainty over US tariffs, highlighting Intesa Sanpaolo among his top picks alongside Barclays, ING, and Santander.
UBS has maintained a "Buy" rating for ING Group, setting a target price of 21 euros. Analyst Jason Napier noted increased interest from US investors in European banking stocks amid rising uncertainty over US tariffs, highlighting Barclays, ING, Intesa Sanpaolo, and Santander as top picks.
Tariff uncertainty may lead to a recession in developed economies by 2025, according to Barclays' global chairman of research, Ajay Rajadhyaksha. As the US proposes new tariffs, the firm has shifted its investment strategy to favor fixed income over global equities, citing rising policy uncertainty and market volatility driven by the Trump administration's aggressive policies. Rajadhyaksha expressed genuine concern about risk assets for the first time in years, highlighting the impact of ongoing trade tensions.
Barclays analyst Terry Ma has reiterated an underweight rating on Rocket Companies Inc. with a price target of $10, despite a 22% year-to-date stock return. The company is set to acquire Mr. Cooper in a $9.4 billion all-stock deal, expected to enhance its servicing portfolio and operational efficiency.Rocket Companies also plans to acquire Redfin for $1.75 billion, aiming to integrate its online real estate services with digital mortgage lending. Fitch Ratings has placed Rocket Mortgage's ratings under negative watch due to anticipated leverage increases, while Mr. Cooper's ratings are under positive watch following the merger announcement.
Barclays PLC has disclosed its opening position and dealings in Dalata Hotel Group PLC, adhering to the Irish Takeover Panel rules. This announcement details Barclays' interests, short positions, and recent transactions in Dalata's securities, enhancing transparency for stakeholders. As a major global financial services provider, Barclays operates in over 40 countries, employing approximately 83,500 people and serving millions of clients worldwide.
Barclays has lowered its price target for Halliburton Company to $29 from $30 while maintaining an Equal Weight rating. Halliburton, a leading provider of oil-related services, generates 57.8% of its net sales from construction and production services and 42.2% from drilling and inspection services. Geographically, 41.9% of sales come from North America, followed by the Middle East and Asia at 26.6%, Latin America at 18.4%, and other regions at 13.1%.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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