Iran says Hormuz offer stands as ship attacks continue and Lavrov visits Tehran France orders local curfews after riots as unrest hits Italy Houthi missiles kill dozens at Yemeni government camp as attacks on Saudi Arabia continue Putin floats Trump-Xi summit on Ukraine as Trump-Zelensky rift deepens Russian missiles hit Kyiv and power grid, drone kills six in Kharkiv region Drone strikes kill dozens across Sudan after attack on al-Dibab transport hub Congo Ebola deaths pass 4,500 as Kenya's cluster grows WFP cuts food aid to 500,000 Gazans as Israel signals reopening of commercial route Oil near $110 as Russia waiver meets Gulf supply fears Mali's military and Russian allies killed scores of civilians in drone strikes, reports say China widens export controls to tunnel-boring machines and drones, with AI and solar curbs drafted Chip stocks rebound after AI-debt rout, but financing worries persist Floods kill at least four in eastern Spain as rescuers lift residents from rooftops French bonds and stocks fall as weekend riots deepen budget worries Canada mourns four soldiers killed in Wainwright base fire, cause still unknown Alberta votes on staying in Canada, separatists expected to lose Indonesia drops tightly held stocks from index to head off MSCI downgrade Lithuania calls Starlink fire sabotage as Baltic tensions rise Israel arrests suspects over settler attacks on European diplomats and US photojournalist Trump endorses Netanyahu ahead of Israeli election Anthropic pledges 5% of shares to public benefit fund before IPO Lula and Flávio Bolsonaro trade attacks in first run-off debate as polls show lead narrowing Protests continue in Albania as Rama says masked demonstrators are not students Kenyan court convicts starvation cult leader Paul Mackenzie of murder US threatens EU over satellite spectrum as European carriers weigh joint bid European Commission rejects US proposal to resume Russian gas purchases Australian MP Helen Haines critically injured after car attack outside office China's economy grows 4.5% in third quarter as AI-driven exports beat forecasts US orders DeepSeek removed from federal civilian IT systems Florida issues arrest warrant for Raúl Castro as Cuba rejects charge Twelve migrants die in two boat accidents in the Aegean Saudi Arabia postpones 'Davos in the Desert' forum after Houthi attacks Lebanon heads into US-backed talks with Israel under pressure over Hezbollah funding Philippines summons Chinese envoy over 'easily win' remark as Beijing denies threat Salvadoran soldiers missing after gang ambush on UN-backed force in Haiti Indonesia battles worst forest fires and toxic haze in 11 years Prosecutors cite Saudi backing for ex-OpenAI engineer accused of planting device Indian court extends custody of 'Cockroach' movement leaders China protests Takaichi's Yasukuni offering as large Japan-US drills begin Ukraine and Russia work on Oleshky evacuation as Pope Leo speaks with Zelensky Japan set to launch first mission to bring back samples from a Martian moon Iran says Hormuz offer stands as ship attacks continue and Lavrov visits Tehran France orders local curfews after riots as unrest hits Italy Houthi missiles kill dozens at Yemeni government camp as attacks on Saudi Arabia continue Putin floats Trump-Xi summit on Ukraine as Trump-Zelensky rift deepens Russian missiles hit Kyiv and power grid, drone kills six in Kharkiv region Drone strikes kill dozens across Sudan after attack on al-Dibab transport hub Congo Ebola deaths pass 4,500 as Kenya's cluster grows WFP cuts food aid to 500,000 Gazans as Israel signals reopening of commercial route Oil near $110 as Russia waiver meets Gulf supply fears Mali's military and Russian allies killed scores of civilians in drone strikes, reports say China widens export controls to tunnel-boring machines and drones, with AI and solar curbs drafted Chip stocks rebound after AI-debt rout, but financing worries persist Floods kill at least four in eastern Spain as rescuers lift residents from rooftops French bonds and stocks fall as weekend riots deepen budget worries Canada mourns four soldiers killed in Wainwright base fire, cause still unknown Alberta votes on staying in Canada, separatists expected to lose Indonesia drops tightly held stocks from index to head off MSCI downgrade Lithuania calls Starlink fire sabotage as Baltic tensions rise Israel arrests suspects over settler attacks on European diplomats and US photojournalist Trump endorses Netanyahu ahead of Israeli election Anthropic pledges 5% of shares to public benefit fund before IPO Lula and Flávio Bolsonaro trade attacks in first run-off debate as polls show lead narrowing Protests continue in Albania as Rama says masked demonstrators are not students Kenyan court convicts starvation cult leader Paul Mackenzie of murder US threatens EU over satellite spectrum as European carriers weigh joint bid European Commission rejects US proposal to resume Russian gas purchases Australian MP Helen Haines critically injured after car attack outside office China's economy grows 4.5% in third quarter as AI-driven exports beat forecasts US orders DeepSeek removed from federal civilian IT systems Florida issues arrest warrant for Raúl Castro as Cuba rejects charge Twelve migrants die in two boat accidents in the Aegean Saudi Arabia postpones 'Davos in the Desert' forum after Houthi attacks Lebanon heads into US-backed talks with Israel under pressure over Hezbollah funding Philippines summons Chinese envoy over 'easily win' remark as Beijing denies threat Salvadoran soldiers missing after gang ambush on UN-backed force in Haiti Indonesia battles worst forest fires and toxic haze in 11 years Prosecutors cite Saudi backing for ex-OpenAI engineer accused of planting device Indian court extends custody of 'Cockroach' movement leaders China protests Takaichi's Yasukuni offering as large Japan-US drills begin Ukraine and Russia work on Oleshky evacuation as Pope Leo speaks with Zelensky Japan set to launch first mission to bring back samples from a Martian moon

Symbolic image: French bonds and stocks fall as weekend riots deepen budget worries

Symbolic image

French bonds and stocks fall as weekend riots deepen budget worries

7 sources

French bond yields rose and stocks fell on Monday after violent weekend protests. Investors doubt Paris can pass its austerity budget.

The gap between French and German 10-year yields widened to 145 basis points, a two-year high according to the Guardian, after rioting on Saturday, 17 October, burned public buildings and left shops looted. The French 10-year yield reached as high as 4.94%. The CAC 40 lost nearly 1.3%, with Société Générale down 2.5% and BNP Paribas 2.2%, while Milan also fell almost 1.3%. The euro slid nearly 0.4% to $1.1201. Deutsche Bank's Jim Reid said the unrest makes it harder for foreign investors to buy French bonds.

Savings plan in doubt

Natixis economists say the government's €54bn savings plan for 2027 faces a fragmented National Assembly without a clear majority. Le Monde adds that 55% of French debt is held abroad.

Moody's review on Friday

Moody's is due to review France's rating on Friday, which could bring a downgrade. Goldman Sachs sees disorderly escalation as less likely than in 2011-15, but France's fiscal challenges as harder.

Other opinions

TASS, citing Bloomberg, also links the euro's fall to Ukrainian strikes on Russian energy infrastructure and oil-price fears, which the Guardian does not mention.