Geopolitical concerns raised the cost of euro credit default protection after the US reaffirmed its intention to acquire Greenland. XTB's Kathleen Brooks said in a report that the statement highlights America's unpredictable foreign policy. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover Index, which tracks high-yield credit default swaps in the euro, rose 1 basis point to 243 basis points. The iTraxx Europe Senior Financials Index, which tracks Euro investment-grade finance CDS, rose 1 basis point to 54 basis points.

Geopolitical concerns raised the cost of euro credit default protection after the US reaffirmed its intention to acquire Greenland. XTB's Kathleen Brooks said in a report that the statement highlights America's unpredictable foreign policy. According to data from S&P Global Markets Financial Intelligence, the iTraxx Europe Crossover Index, which tracks high-yield credit default swaps in the euro, rose 1 basis point to 243 basis points. The iTraxx Europe Senior Financials Index, which tracks Euro investment-grade finance CDS, rose 1 basis point to 54 basis points.