Emmanuel Moulin, governor of the Banque de France, warned that France risks being “strangled by interest rates” unless it cleans up its public finances. He stated that France is not Greece during the Eurozone crisis and that passing a budget to reduce spending and narrow the deficit would reassure markets. The French government recently proposed a budget with €43bn in spending cuts and tax rises. Investor concerns over the deficit and political uncertainty have driven French yields to rise the most among G7 bond markets. Yields on 10-year government bonds neared 5 per cent before falling to 4.86 per cent.
Elsewhere, insurers prepare for multimillion-dollar claims from rogue AI agents, with executives like Sam Altman and Dario Amodei potentially liable. Intercontinental Exchange has launched gold futures trading in London. US President Donald Trump said the Pentagon withdrew bombers from RAF Fairford due to threats. The Eurozone, France, Germany, Italy, and the UK will release construction PMI data, while Germany announces August manufacturing figures. Paramount Skydance’s $110bn merger with Warner Bros Discovery is expected to close.
Source: Financial Times Companies · Summarized by HeadlinesBriefing