Lates News

On Wednesday, Microsoft and Meta announced profits that exceeded expectations, leading to an improvement in market sentiment. The cost of Euro credit default swaps also decreased. Quilter Cheviot analyst Ben Barling pointed out in a report, "The impressive performance reported 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, which tracks Euro junk bond credit default swaps, fell by 6 basis points to 344 basis points, while the iTraxx Europe Main index, which tracks Euro investment-grade credit default swaps, fell by 1 basis point to 67 basis points.