French politics saw a fresh ruction today as Prime Minister Sébastien Lecornu resigned just three weeks after his appointment. His departure, triggered by the withdrawal of right-wing support, followed backlash over a cabinet that closely resembled previous Macron administrations, despite promises of change. Markets reacted swiftly: the French stock index fell 0.8%, 10-year bond yields rose to 3.59%, and the spread – the excess risk demanded by investors - over German Bunds hit 0.88 percentage points which is near eurozone crisis levels. The political instability raises concerns over fiscal discipline and investor confidence, with potential implications for France's credit rating and borrowing costs.