Institutions: Before the Fed's rate cut, all indexes were striving to find direction.

Golden Ten Data News on September 18th, before the Fed’s decision to cut interest rates, the euro credit default swap remained stable. Joshua Mahoney, Chief Market Analyst at Scope Markets, said in a report, ‘The European market is somewhat uncertain today, as various indices are struggling to find direction ahead of the crucial Federal Open Market Committee’s decision on the Interest Rate tonight.’ Data from S&P Global Market Intelligence shows that the iTraxx Europe Crossover index, which tracks euro high-yield credit default swaps, and the iTraxx Europe Main index, which tracks euro investment-grade CDS, remain unchanged at 285 basis points and 53 basis points, respectively.