1039 GMT - The cost of insuring euro credit against default falls as risk appetite improves due to reduced prospects of U.S. Federal Reserve interest-rate rises in 2026. In addition, strong corporate earnings have boosted market sentiment. Despite the improved risk sentiment, concerns about the Middle East conflict still linger, AJ Bell's Dan Coatsworth says in a note. The iTraxx Europe Crossover index of euro high-yield credit default swaps falls 5 basis points to 247bps, S&P Global Market Intelligence data show.
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