Institution: The cost of European credit default protection has edged slightly lower.

With the mild improvement in market sentiment, the cost of default protection for Euro credit bonds has slightly decreased. According to reports, US President Trump has told his aides that he is prepared to end the war with Iran. However, investors remain cautious. Russ Mould of AJ Bell stated in a report, "There is still a lot of uncertainty, and until a clear path to ending the conflict and disruption is found, the market may remain tense and uneasy." Data from S&P Global Market Intelligence shows that the iTraxx Europe Crossover index for Euro high yield credit default swaps fell by 4 basis points to 358 basis points. The iTraxx Europe Senior Financials index for Euro investment-grade financial credit default swaps fell by 1 basis point to 79 basis points.