Amanda Cooper

LONDON (Reuters) -Shorter-term British government borrowing costs headed for their biggest weekly jump in over a year on Friday, while the pound was set for its biggest weekly loss against the euro in three months as Labour's tax-and-spend budget raised inflation expectations.

French government bonds edged lower on Thursday as the market regained some poise after the previous day’s sell-off that drove their risk premium over German bonds to its highest since the euro zone’s 2012 debt crisis.

A basket of European auto stocks was the worst performer among sectors shortly after the open, down 1.5% versus a 0.7% fall in the broader STOXX 600.

LONDON (Reuters) – French stocks and bonds came under fire on Wednesday, driving the premium the government pays for long-term borrowing to its highest since the euro zone debt crisis of 2012, as investors grew uneasy over the fate of the new government and its budget.

France’s far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless there is a “last minute miracle”, RN president Jordan Bardella said on Monday.

Global stocks fell Monday while the dollar hit 26-month peaks after a U.S. jobs report that prompted investors to question if interest rates will fall at all this year.

The University of South Carolina Board of Trustees approved a contract extension for women's basketball head coach Dawn Staley on Thursday, securing her services through the 2029-30 season. The new agreement will make Staley the highest-paid coach in the history of college women’s basketball.

U.S. President Donald Trump's return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring. "The approach will be chaotic, unpredictable, spur of the moment and driven by Trump himself," said Russel Matthews, senior portfolio manager, global macro at RBC BlueBay Asset Management. Calling out Canada and Mexico as potential targets for tariffs took a further toll on their currencies, which fell sharply following Trump's inauguration speech.

In a report titled “Make Europe Great Again”, BofA said asset allocation remained risk-on, with investors bullish towards the U.S. dollar and stocks, but bearish towards everything else.