Economy
Could France’s debt troubles tip Italy into recession?
Rising borrowing costs and political uncertainty are putting France’s finances under pressure. Oxford Economics warns that a severe bond-market shock could push both France and Italy into recession in 2027, although a debt crisis remains outside its central forecast.
Markets
Oil tops $105 as Trump weighs return to Iran combat operations
Brent crude rose above $105 a barrel on Thursday after reports that US President Donald Trump is considering a return to "major combat operations" against Iran, while European stock markets opened lower as rising oil prices fuelled inflation fears.
Markets
Euro hits 17-month low on French debt fears and Spanish turmoil
The euro slid to its weakest level against the US dollar since May 2025 on Monday, as France's debt troubles and Spain's political turmoil, capped by a snap election call, fuelled fears of a fresh eurozone crisis and of contagion across the bloc's bond markets.
Markets
Bond rout pauses after French and UK yields hit decades-long highs
Government bond markets steadied on Friday morning after a sell-off pushed France's 10-year borrowing costs to their highest since 2002, lifted UK 30-year yields above 6% for the first time since 1998 and drove the benchmark US 10-year yield to a 24-year high.
Markets
Oil hovers around $100 as US bonds suffer worst quarter since 1994
Oil prices bounced back above $100 a barrel on Thursday as a US-Iran deal remained elusive, while European stocks fell and US government bonds came off their worst quarter since 1994, with the 10-year Treasury yield at its highest since 2007.
Markets
European bond yields ease after brutal sell-off as US mortgages hit 7%
European government bond yields eased on Friday morning, pulling back from a brutal sell-off earlier in the week, even as US Treasury yields pushed to fresh multi-decade highs, and mortgage rates in America hit 7%, their highest level since Donald Trump returned to office.