Bayrou Calls a Confidence Vote, UK Bond Yields Near 1998 High | The Opening Trade 8/26

Uniunea Europeana

French assets came under pressure for a second day as concern the government will fall in a showdown over proposed budget cuts rattled investors. The benchmark stock gauge slumped 2.1%, extending losses from Monday when Prime Minister Francois Bayrou announced that he would call a confidence vote in his own government. UK bond yields soared to within a whisker of a 27-year high Tuesday, piling pressure on Prime Minister Keir Starmer’s government to reduce fiscal expenditure. The Opening Trade