US jobs hit, France’s budget gridlock and China's world order optics

Group Chief Economist Neil Shearing tackles that weak US August Employment report, previews the coming week’s inflation data, talks about what’s been happening in the bond market and explains just what recent get-togethers in China signal about a new world order. Also on the show, ahead of a crunch vote for France’s government, Chief Europe Economist Andrew Kenningham talks about why the French political establishment is struggling to break out of its fiscal logjam, and what this all means for the outlook for the government bond market. Analysis and events referenced in this episode: Read: French borrowing costs may soon exceed Italy’s Drop-In: France’s political turmoil and the fragility of global bond markets Drop-In: What’s really holding up the commercial real estate recovery? Fracturing in the Age of Trump - London September 2025 Fracturing in the Age of Trump - New York October 2025