French bond yields climb as Moody's review looms

French bonds are under pressure as investors assess the country's ability to manage its finances, with the benchmark 10-year yield exceeding 5% for the first time since 2002. President Emmanuel Macron has pledged to prevent further unrest following protests. Moody's is scheduled to review France's Aa3 sovereign rating on October 23, carrying a negative outlook that could lead to a downgrade and further pressure borrowing costs. Despite these fiscal concerns and Europe's energy fragility, the euro has largely stabilized. Wall Street's tech giants reported better-than-expected earnings, boosting the Nasdaq and leading to a higher close on Wall Street, though Asian markets remained cautious. European stocks futures pointed to a lower open.