French Premier Quits After Macron’s Cabinet Gamble Backfires

Sebastien Lecornu unexpectedly resigned as France’s prime minister on Monday, blaming the intransigence of the groups in the country’s fractured parliament and deepening a national political crisis.

The move sparked a selloff in French assets with stocks tumbling by the most since late August and the yield on the benchmark 10-year note rising nine basis points to 3.6%.