Stress and distress in the European mid-market: where we are today

With an ever-changing macro backdrop, we look at the outlook for stress and defaults in the European mid-market space and what this means for investors. The market remains optimistic that the Federal Reserve has successfully stayed ahead of the curve and engineered a soft landing for the US economy. Latest data releases indicate that the labour market continues to hold strong, despite a hiring slowdown. Current market pricing is for three more rate cuts in the US before year end.