France's Bond Crisis Spirals as US Jobs Data Looms

A global debt selloff is hitting France harder and faster than anticipated, with investors increasingly nervous about missed deficit targets and policy gridlock. The rout has fueled a sharp widening of French bond spreads, underscoring concerns about the country's fiscal trajectory. Meanwhile, the US jobs report is set to be a macro highlight, with resilient data supporting riskier assets while giving the Federal Reserve room to tighten policy to fight inflation. Economists estimate nonfarm payrolls rose 90,000 last month after climbing in August by the most since March. The juxtaposition of French political turmoil and US economic strength is driving divergent market narratives, with traders closely watching both for signals on the global economic outlook.