(The opinions expressed here are those of the author, a columnist for Reuters.) By Mike Dolan LONDON, 9 Oct (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stocks and gold paused their latest steep rally on Thursday as a series of warnings about excessive stock valuations and overly loose policy...

* French bonds steady on optimism of avoiding snap election * Macron to name new PM by Friday evening * France-Germany bond yield spread remains elevated (Updates for European morning trading) By Samuel Indyk LONDON, Oct 9 (Reuters) - French bonds on Thursday held on to gains from the day before on optimism the country can avoid a snap election...

* EM stocks up 0.2%, FX down 0.17% * Polish central bank delivers a surprise quarter point cut * Romania's cenbank leaves interest rates unchanged * Israeli dollar bonds rally on Gaza ceasefire By Nikhil Sharma Oct 9 (Reuters) - Emerging Market currencies came under pressure on Thursday, with the Polish zloty slipping after the central bank's surprise rate cut...

* European stocks lower, driven by banks * French bonds hold on to Wednesday's gains * JPMorgan ( JPM ) CEO warns of market risks (Updates throughout after European market open) By Elizabeth Howcroft PARIS, Oct 9 (Reuters) - European stocks opened lower on Thursday, in a move driven by banking shares, while investors weighed up the risk of a...