Canaries in the Credit Mine?

In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, examines how Asia’s early response could act as a warning signal for prolonged disruption around the Strait of Hormuz that could pressure Europe through energy prices, industrial margins, and inflation risks. He also reviews March industrial production data and reported Q1 STOXX Europe 600 earnings, highlighting a market split between optimism around artificial intelligence and private credit, as well as caution over weak revenues, tight spreads, and geopolitical risk.