European stocks fall as French riots spark investor concern
Summarised from 2 outlets · Updated 19 Oct, 17:57 · Archive
European stocks fell on Monday following violent weekend protests in France that left buildings burned and shops looted.
European stocks sank on Monday following violent weekend protests in France. The FTSE 100 fell 117.21 points, 1.1%, to 10,764.69. The FTSE 250 dropped 155.41 points, 0.6%, to 24,378.49, and the AIM all-share fell 4.62 points, 0.6%, to 768.50. In European markets, the CAC 40 in Paris ended down 1.1%, while Frankfurt's DAX 40 retreated 1.2%.
The protests left public buildings burned and hundreds of shops looted. French President Emmanuel Macron condemned the 'unbridled violence' in a televised address on Sunday night. On Monday, Prime Minister Sebastien Lecornu said a state of emergency could be imposed 'if needed', though he favoured curfews as a better solution. The unrest came after weeks of student demonstrations demanding better conditions in schools.
The chaos spooked investors, sending shares lower and pushing the yield on French 10-year bonds up 15 basis points to 4.94% from 4.79% on Friday. David Morrison, analyst at Trade Nation, said 'investors are becoming increasingly concerned about the unrest'. One outlet reports that Morrison added that France's national debt is a major worry and that investors are 'voting with their feet' by moving away from French government bonds towards German alternatives ahead of key elections next year.
How it is being reported
- European stocks dip as French riots spark concernIn London, the FTSE 100 Index ended down 117.21 points, 1.1%, at 10,764.69.Evening Standard · 19 Oct, 17:21
- European stocks dip as French riots spark concernIn London, the FTSE 100 Index ended down 117.21 points, 1.1%, at 10,764.69.Independent Business · 19 Oct, 17:21
In this story: France · Emmanuel Macron · Sebastien Lecornu · FTSE 100 · CAC 40 · DAX 40
This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem
Comments (0)