Overview

• Nvidia reported record quarterly results, reinforcing its outsized influence on the AI-led rally as investors assess the broader equity impact.
• Paris’s CAC 40 rose about 0.8% after a two-day slide of more than 3%, but France’s 10-year yield stayed near 3.5% and the spread over Bunds hit a seven-month high.
• French political uncertainty tied to François Bayrou’s planned confidence vote keeps borrowing costs elevated and bank shares sensitive to headline risk.
• Wall Street recently notched fresh records, yet rate-cut expectations have cooled after a 0.9% monthly jump in U.S. producer prices, which lifted Treasury yields.
• President Trump’s move to oust Fed governor Lisa Cook is being contested in court and has drawn little immediate market reaction as investors watch GDP and PCE data next.