One Turn
French bonds, stocks and euro fall as unrest compounds debt fears
Paris-listed stocks, French government bonds and the euro all fell as investors reacted to the riots. Analysts linked the unrest to existing worries about France's public finances and an upcoming budget vote.
Why it matters
Rising French borrowing costs and a weaker euro can spread stress across European markets.
Background
France carries one of the eurozone's largest debt loads, and governments have struggled to pass deficit-cutting budgets. Political instability has repeatedly unsettled bond investors.
The story so far
- French bonds, stocks and euro fall as unrest compounds debt fears
- French bond yield hits 5% and Carrefour shares fall on unrest
- French 10-year bond yield reaches new 24-year high
- French borrowing costs rise as debt and political risks mount
- French borrowing costs hit 24-year high after unrest
Sources
- CNBC ↗Oct 19, 8:59 AM ET
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