In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, outlines how the new EU-US tariff agreement is affecting European auto manufacturers, as revealed through their Q2 earnings and updated guidance. Further, Gordon provides some insight into the UK auto finance market, UK directors’ views, and European bank stability.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, outlines the European Union’s new trade deal with the US. Gordon analyses the impact this deal may have and what is still missing, as well as highlights an example of the types of divergent data signals we are likely to see in the months ahead as economies adjust to the new norms. Further, Gordon highlights the latest regulatory proposal for the securitisation market.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, highlights the growing fiscal pressures for the UK and France alongside Germany’s bold investment-led growth push. Gordon outlines what these divergent strategies mean for credit markets, with a closer look at shifting survey expectations on expected defaults.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, highlights the impact of the heatwave on Europe. Gordon also discusses his look forward as outlined in his recent publication, The Forward Look—European and UK Credit Views: Q3 2025.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, highlights the shifting global trade order, with the European Union balancing a fine line between the US and China. Gordon discusses the challenges in Germany, the benefits this could bring to Europe, and bond investor scrutiny of European governments.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, outlines a number of tailwinds supporting European credit investment. The accelerating flow of capital into European private credit is set to continue. Gordon outlines these private credit developments as well as improvements in trade positions and regulatory changes. Further, Gordon highlights some of the outlooks for the second half from several investment firms.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, outlines the improving sentiment in Europe among consumers and corporate management. Gordon also comments on the increased spending plans by NATO countries and their impact on European economies. In addition, he highlights the heightened uncertainty and the market’s apparent indifference to potential risks.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, highlights the outlook for defaults in Europe, according to a Deutsche Bank study. Gordon also covers recent data in the UK and what that may mean for rates. Further, Gordon recorded this episode in Spain while attending the Global ABS securitisation conference, where a positive tone is developing for the asset class in Europe.

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In this episode of Credit Compass, Gordon Kerr, KBRA’s European Macro Strategist, highlights a fresh challenge to global investors in a small section of the US administration’s “Big, Beautiful Bill” that could have far-reaching implications outside the US. Gordon also outlines some potential upcoming changes to securitisation regulations and explores the conclusions from a World Economic Forum survey of economists.

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