0833 GMT - The cost of insuring euro credit against default using credit default swaps falls as sentiment improves following better-than-expected earnings from Microsoft and Meta on Wednesday. "Meta and Microsoft post impressive results, allaying fears of a slow down in AI investment," Quilter Cheviot analyst Ben Barringer says in a note. The iTraxx Europe Crossover index which tracks euro junk bond credit default swaps declines 6 basis points to 344bps, S&P Global Market Intelligence data show. The iTraxx Europe Main index which tracks euro investment-grade credit default swaps falls 1bp to 67bps. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 04:33 ET (08:33 GMT)
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