Markets are being driven by developments in bond markets on both sides of the Atlantic. In Europe, concerns over French public finances weigh on sentiment, while in the US, inflation worries and a well-received Treasury auction triggered sharp moves in yields. Other topics include the challenges facing European carmakers in China, the resilience of US equities, and SpaceX looking to tap the bond market. Norbert Rücker, Head of Economics and Next Generation Research, discusses the apparent disconnect between the recovery in Middle Eastern oil exports and persistently high oil prices, as well as the positive momentum in the electric vehicle market.