France’s Prime Minister Sebastien Lecornu resigned just a day after President Emmanuel Macron named a new cabinet, deepening the country’s political crisis and sparking a selloff of French assets. The premier quit less than 24 hours after Macron announced a government that retained most senior members from previous cabinets. French bonds fell as investors braced for more political uncertainty. The yield on 10-year notes rose nine basis points to 3.6%. That widened the nation’s borrowing premium over German debt — a key gauge of fiscal risk — to over 89 basis points, the highest level since late 2024. In Japan, pro-stimulus lawmaker Sanae Takaichi’s near-certain elevation as Japan’s next prime minister jolted financial markets, with the yen and long-term bonds tumbling even as equities surg

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