France’s Bond Crisis Deepens, US Jobs Data on Deck
France is facing a deepening debt crisis amid policy gridlock, while markets await a US jobs report that could influence Federal Reserve inflation policy.
A selloff in global debt has fueled a rout that’s hitting harder and faster in France than anyone expected, with nerves fraying about missed deficit targets and policy gridlock. The US jobs report is set be a macro highlight at a time when resilient data are supporting riskier assets while giving the Federal Reserve room to tighten policy to fight inflation. Economists estimate the reading will show nonfarm payrolls rose 90,000 last month after climbing in August by the most since March. The…
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