French bond sell-off spreads across Europe as riots hit markets

French government borrowing costs rose across Europe as riots in France over the cost of living sent ripples through financial markets, with the Cac 40 index in Paris down 1.6 percent and the gap between French and German bond yields nearing its widest since 2012. The unrest also forced resale sites like Vinted to remove listings of apparently stolen goods, while the pound jumped to a 17-month high against the euro. Analysts warned of potential contagion to other eurozone economies, though acute crisis was seen as a tail risk. US stocks rebounded at the open, with the Nasdaq up 1.1 percent ahead of earnings from Meta and Tesla. Economists at Goldman Sachs warned of a possible renewed eurozone debt crisis, though household finances and bank strength are better than in 2010.