Overview
- The CAC 40 was little changed on Tuesday as investors awaited Wall Street’s return after the Labor Day break.
- France’s 30-year government bond yield climbed above 4.50%, its highest level since 2011, signaling mounting long-horizon risk concerns.
- Prime Minister François Bayrou is holding party consultations ahead of a September 8 confidence vote that could determine his government’s fate.
- Credit watchers flagged near-term calendar risks with Fitch due to review France on September 12 and S&P set to follow in November.
- Cross-border factors remained in view with a U.S. appeals-court ruling finding many Trump tariffs unlawful but stayed until October 14, and U.S. August jobs data due Friday shaping Fed rate-cut expectations.