European High Yield market remains resilient amid tariff uncertainty

We cannot ignore the dominant themes impacting markets, but a resilient European marketplace is well placed to prosper in these challenging times. In Europe there are two notable tailwinds: lower interest rates, and the German spending package for defence and infrastructure, which should have a positive stabilising impact on growth in Europe, albeit likely moderate. In addition, many companies have solid balance sheets, good liquidity, improved lower leverage levels and decent operations, so should be able to weather the storms – and, candidly, are adept at doing so having navigated multiple...