1011 GMT - The cost of insuring euro credit against default declines as market sentiment improves after positive tech earnings. "All equity markets are surging ahead of the weekend with Stoxx 50 futures up 1% and Nasdaq 100 futures up 1.3% as Microsoft and Alphabet delivered strong earnings results," Saxo says in a note. The iTraxx Europe Crossover index which tracks euro junk bonds CDSs falls 7 basis points to 321bps while the iTraxx Europe Main index which tracks euro investment-grade CDSs falls 1bp to 57bps, S&P Global Market Intelligence data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
April 26, 2024 06:11 ET (10:11 GMT)
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