European Midday Briefing : Shares Up, French Bond Yields Stay Elevated as Political Pressures Weigh

MARKET WRAPS Stocks: European shares were largely up Monday while the euro fell weighed by worries that French fiscal stress would spread elsewhere on the continent. French government bond yields rose on Monday, staying at elevated levels not far below Friday’s multiyear highs. “We suspect that bond market nervousness will remain in the near term,” Investec said. Meanwhile, Spanish Prime Minister Pedro Sanchez called fresh parliamentary elections for next month after protests against high housing costs, adding to the instability rocking European politics. Oil prices fell, but remained over $100 a barrel, as recovering Middle East crude exports and the…