Overview

• The U.S. added an estimated 22,000 jobs in August and unemployment rose to 4.3%, undershooting forecasts of about 75,000 and signaling a cooling labor market.
• Traders increased expectations for a Federal Reserve rate cut this month, with softer employment readings from BLS, ADP/Stanford and jobless claims reinforcing the shift.
• A Washington court rejected the Justice Department’s harshest remedies in the Google search case, sparing Alphabet from a forced Chrome divestiture and lifting major tech shares.
• French assets remain sensitive ahead of Prime Minister François Bayrou’s September 8 confidence vote, with 10‑year yields having hit multi‑year highs near 4.5% before easing later in the week.
• Sanofi said its phase‑3 amlitelimab trial met all endpoints, yet the stock fell about 8% as analysts questioned efficacy versus earlier results and rival therapies.