Overview

• Paris stocks recovered modestly after a two‑day slide, but investors kept pressure on French debt ahead of the Sept. 8 confidence vote for Prime Minister François Bayrou.
• French 10‑year yields hovered around 3.47%–3.52% and the spread to German bunds widened to about 0.78 percentage point, near a seven‑month high, with Italy around 3.54%.
• Nvidia posted record quarterly results with $46.7 billion in revenue and $26.4 billion in net profit, helping the S&P 500 and Dow Jones close at new highs on Thursday.
• The US economy was revised up to 3.3% annualized growth in Q2, while July PCE inflation held at 2.6% year on year, leaving markets to weigh prospects for a September Fed rate cut.
• President Donald Trump said Fed governor Lisa Cook was fired, but she refused to resign and her lawyer pledged a court challenge, a governance risk markets are watching.