Barclays_Global_Portfolio_Manager_s_Digest_Cloud_of_Uncertainty

ThisdocumentisintendedforinstitutionalinvestorsandisnotsubjecttoalloftheindependenceanddisclosurestandardsapplicabletodebtresearchreportspreparedforretailinvestorsunderU.S.FINRARule2242.Barclaystradesthesecuritiescoveredinthisreportforitsownaccountandonadiscretionarybasisonbehalfofcertainclients.Suchtradinginterestsmaybecontrarytotherecommendationsofferedinthisreport.BarclaysCapitalInc.and/oroneofitsaffiliatesdoesandseekstodobusinesswithcompaniescoveredinitsresearchreports.Asaresult,investorsshouldbeawarethatthefirmmayhaveaconflictofinterestthatcouldaffecttheobjectivityofthisreport.Investorsshouldconsiderthisreportasonlyasinglefactorinmakingtheirinvestmentdecision.*ThisindividualisamemberoftheProductManagementGroupandisnotaResearchAnalystAllresearchreferencedhereinhasbeenpreviouslypublished.Youcanviewthefullreports,includinganalystcertificationsandotherrequireddisclosures,byclickingthehyperlinksinthispublicationorbygoingtoourResearchportalonBarclaysLive.FORANALYSTCERTIFICATION(S)PLEASESEEPAGE34.FORIMPORTANTEQUITYRESEARCHDISCLOSURES,PLEASESEEPAGE34.FORIMPORTANTFIXEDINCOMERESEARCHDISCLOSURES,PLEASESEEPAGE35.GlobalPortfolioManager'sDigestCloudofUncertaintyWeprovidecontextandperspectiveonresearchacrossregionsandassetclasses,thisweekhighlighting:ourkeytakeawaysfromour3rdAnnualSupplyChainSummit;anupdateon2Qearnings...