The US labor share of GDP has plunged to roughly 83% of its 1960 levels. Since 2000, corporate profits have surged to nearly double their relative level to labor pay, shifting trillions from average households to the wealthiest investors.

Maturity risk has been in favor so far this year in the bond market.

UK stocks faced significant pressure on Tuesday, driven by a wave of global risk aversion following President Trump's announcement of potential tariffs on European nations.

French approval of C3IV tax credits—covering 45% of equipment costs and €130M for real estate—is driving the stock surge. The government is also weighing additional support for hiring and training programs.