BlackRock: European credit spreads expected to remain stable in face of concerns about AI

BlackRock Group anticipates that this year, European credit spreads will remain range-bound, attractive fixed income yields are expected to offset concerns about potential impacts of artificial intelligence on the market. BlackRock stated that actual yields are at their highest level in a decade, corporate fundamentals continue to improve, companies are deleveraging, improving efficiency, and optimizing profit indicators. The economic growth prospects in Europe are "modest but positive", regional interest rates remain stable, creating a favorable environment for fixed income investors.