Business · Markets · 18 mins ago

French unrest sends European shares lower

French unrest sends European shares lower

Violent protests in France pushed European shares lower on Monday, while US technology stocks rebounded.

The unrest followed demonstrations over rising living costs and poor school conditions, after weeks of student protests.

France’s CAC 40 fell by more than 1%, and London and Frankfurt markets also ended lower.

Investors were concerned that the unrest could make them less willing to buy French government bonds, as the country’s public debt approaches 3.6 trillion euros.

The yield on French 10-year bonds rose to 4.94%, up from 4.79% on Friday.

Prime Minister Sebastien Lecornu said a state of emergency remained possible, though he said curfews were a better option.

The government said it would continue pursuing looters, while investors also watched for further developments in France and company earnings in the United States.

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What people are saying

Emmanuel MacronFrench president
unbridled violence
via Independent
Sebastien LecornuFrench prime minister
if needed
via Independent
I am absolutely determined to restore order
via Independent
David MorrisonTrade Nation analyst
Investors are becoming increasingly concerned about the unrest
via Independent