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1. This month, French government bonds experienced a sell-off that spread to the broader eurozone market, attracting large investors to scoop up heavily hit assets, including Italian bonds and corporate bonds. Investors are betting that concerns about the risk of contagion in the market may be exaggerated. 2. The financing cost premium for 10-year French government bonds over 10-year German government bonds has widened to 1.4 percentage points, an increase of about two-thirds since the beginning of the month. As worries about the potential consequences of a French debt crisis intensify, the spreads of other eurozone bonds have also widened, with Italian government bond spreads rising above 1.1 percentage points. 3. Several large asset management institutions have said they have decisively bought bond assets affected by the sell-off, arguing that it is unlikely that the eurozone will repeat the economic collapse seen during the debt crisis more than a decade ago. Institutions such as abrdn believe, “This is not a repeat of the situation in the early 2010s.”

1. According to the Financial Times, this month's French government bond sell-off has spread to the broader eurozone market, prompting major investors to buy heavily hit assets, including Italian bonds and corporate bonds. 2. Several large asset management institutions have stated that they have decisively bought bonds affected by the sell-off, reasoning that it is unlikely the eurozone will see an economic collapse similar to the eurozone debt crisis over a decade ago, and that market concerns over the “contagion effect” may be exaggerated.

Market sources: Isomorphic Labs, a subsidiary of Alphabet, is in fundraising talks at a valuation of at least 40 billions.

According to the Financial Times, despite chaos, destruction, and production disruptions caused by the Middle East conflict, major global oil companies remain focused on the long term and are striving to secure access to the region’s vast oil and gas reserves. This week, executives from Shell, BP, TotalEnergies, ConocoPhillips, and Chevron all expressed their willingness to invest in this highly productive oil and gas region, noting that its abundant reserves and low extraction costs make its value sufficient to offset the accompanying high risks.