The cost of using credit default swaps to insure Eurocredit has declined, as optimistic corporate earnings have boosted investor confidence. Ipek Ozkadexia, a senior analyst at Swissquote Bank, said in a report that the positive atmosphere is likely to continue. Investors are still awaiting the ECB's interest rate decision on Thursday and are expected to cut interest rates by 25 basis points. According to S&P Global Market Intelligence data, the iTraxx Europe Crossover Index, which tracks Euro high-yield credit default swaps, fell 1 basis point to 305 basis points, and the iTraxx Europe Main Index, which tracks Euro investment-grade credit default swaps, reported 56 basis points, the lowest level in three weeks.

The cost of using credit default swaps to insure Eurocredit has declined, as optimistic corporate earnings have boosted investor confidence. Ipek Ozkadexia, a senior analyst at Swissquote Bank, said in a report that the positive atmosphere is likely to continue. Investors are still awaiting the ECB's interest rate decision on Thursday and are expected to cut interest rates by 25 basis points. According to S&P Global Market Intelligence data, the iTraxx Europe Crossover Index, which tracks Euro high-yield credit default swaps, fell 1 basis point to 305 basis points, and the iTraxx Europe Main Index, which tracks Euro investment-grade credit default swaps, reported 56 basis points, the lowest level in three weeks.