Euro credit default protection costs remain stable. The market is awaiting the Eurozone unemployment data to be released at 1000 GMT and the number of people applying for unemployment benefits in the US for the first time every week to be released at 1330 GMT, but the main focus is on Friday's US non-farm payrolls data. US employment data may show the strong state of the labor market and indicate a possible path for future interest rate cuts. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover credit default swap index, which tracks Euro junk bonds, remained flat at 243 basis points. The iTraxx Europe Main Credit Default Swap Index, which tracks euro investment-grade credit bonds, held steady at 50 basis points.

Euro credit default protection costs remain stable. The market is awaiting the Eurozone unemployment data to be released at 1000 GMT and the number of people applying for unemployment benefits in the US for the first time every week to be released at 1330 GMT, but the main focus is on Friday's US non-farm payrolls data. US employment data may show the strong state of the labor market and indicate a possible path for future interest rate cuts. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover credit default swap index, which tracks Euro junk bonds, remained flat at 243 basis points. The iTraxx Europe Main Credit Default Swap Index, which tracks euro investment-grade credit bonds, held steady at 50 basis points.