Macro Pulse EU: Earnings Resilience Supports a Selective European Outlook
Early European earnings point to durable demand across semiconductors, electrification, and automation, but persistent weakness in autos and consumer-facing sectors reinforces the need for greater credit selectivity.
In the latest Credit Compass, Gordon Kerr examines Europe’s uneven earnings season, the inflation and margin risks from higher energy costs, and the fiscal credibility test facing Britain’s new government. Listen to Gordon Kerr’s insights on: Apple | Spotify | YouTube or visit kbra.com/macrocredit
Early European earnings indicate that corporate resilience is extending beyond defence-related demand.…
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