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Barclays have updated their...>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: Barclays have updated their global view for 2018 and
recommend being "modestly" overweight global equities over fixed income with S&P
500 year-end target at 2,900 and 10-yr Tsy yield at 3% by end of Dec. 
- "In general, we tilt towards DM assets over EM and expect the USD to
strengthen against EM currencies but be range-bound against the EUR and JPY.
This is not a call to withdraw fully from EM, but to adopt a more selective
posture", Barclays add.
- Says US growth likely to "pull ahead of other major currencies in next few
quarters", while European and Japan have not "broken out of Q1 soft patch". See
"modest slowdown" in Q2/Q3 growth for China.
- Barclays do not see oil rallying further in Q3, but risk is to the upside.
Says tail risk to their positive outlook is from escalation in global trade
spat.

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