Thanks for joining me. The cost of French government borrowing has risen at the fastest pace among G7 nations after a second night of riots.

The yield on 10-year French bonds, known as OATs, climbed from 4.80pc to 4.85pc on Monday, the steepest increase among major world economies.

Bond yields are effectively the interest rate paid by governments when they borrow money by issuing bonds to financial markets.

Emmanuel Macron is facing a crisis after shops were looted and vandalised across the country.

More than 2,300 people were arrested on Saturday after protests against the cost of living and poor school conditions.

Jim Reid, an analyst at Deutsche Bank, said: “This won’t make it easy for the international community to be totally comfortable buying OATs, so the modest recovery in French spreads over the last week or so will be tested today.

“With France already facing a difficult fiscal backdrop and the 2027 election approaching, the weekend adds another layer of political risk for markets.” Here is…