Euro credit default insurance costs are reduced.

On Wednesday, Microsoft and Meta announced profits better than expected, leading to an improvement in market sentiment, and a decrease in the cost of Euro credit default swaps. Analyst Ben Baringer from Quilter Cheviot pointed out in a report, "The impressive performance announced by Meta and Microsoft has eased concerns in the market about a slowdown in AI investments." Data from S&P Global Market Intelligence shows that the iTraxx Europe Crossover index, tracking European high-yield credit default swaps, dropped by 6 basis points to 344 basis points, while the iTraxx Europe Main index, tracking European investment-grade credit default swaps, dropped by 1 basis point to 67 basis points.