Barclays: Trump Put Fades Amid Policy Swings

Barclays says market resilience tied to Trump’s de-escalation signals may be fading as policy uncertainty rises; equities, oil, and rates have been volatile on shifting Iran deadlines and Middle East tensions, with the bank warning that a longer conflict and oil shock could lift inflation and weigh on growth. Its economists expect global growth near 2.9% in 2026 and inflation around 2.7% by year-end, with advanced economies slowing to about 1.7% in 2026, signaling a higher risk of stagflation.