See the full story in the original article.
Read the original on investinglive.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.12376 |
| Change that session | +0.22% |
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- French government bond sell-off intensifies
- Opinie | How to lose money betting against Europe
The article argues that betting against European sovereign debt can lose money even for investors who understand the politics. The gap between 10-year French and German bond yields reached 1.6 percentage points in early October, the widest since 2011, but the French sell-off has so far been orderly. It recalls that John Paulson's funds booked double-digit losses in 2012 after he bet on a break-up that did not happen once Mario Draghi pledged to do 'whatever it takes', and that MF Global collapsed on bets on European debt. It notes that France's 2027 presidential election could still test markets, and cites Alan Howard's view that the euro crisis outcome was a political decision his firm had no edge in understanding.
- France Protests Cause Stocks , Bonds , Currency to Plunge : 4 Charts
Stocks, bonds and the euro have come under pressure across Europe as cost-of-living protests in France, which turned violent, spread to other parts of the continent. The CAC 40 is down 10% from its August peak and the EURO STOXX 50 is down 7%, while the 10-year French OAT yield jumped 66 basis points to 4.98%, a 24-year high. The euro fell to $1.12, down 6% from its January peak against the dollar, as money moved away from France amid political instability. Capital Economics says French spreads could rise by as much as 200 basis points, while Pantheon Macroeconomics calls France a “problem child” with weak growth, high debt and difficult fiscal reform. Separately, South Korean AI firm Elice fell 32% on its first trading day, and the risk-off move spread to US chips, with Micron and Sandisk each down 3%.
- French bond sell - off spreads across Europe
Borrowing costs rose across Europe after riots in France rattled financial markets. The yield on 10-year French government bonds climbed from 4.80% to 4.93% on Monday, the sharpest rise among G7 nations, after protests over living costs and school conditions led to more than 2,000 arrests over the weekend. Yields also rose in Italy (4.49% to 4.57%), Spain (4.03% to 4.07%) and Britain (5.37% to 5.43%). Analysts warned that France faces a fiscal crisis, with its deficit on track to reach 5.4% of GDP this year, and its 2027 budget faces a parliamentary vote next month amid doubts about public acceptance. European stocks fell, with France's Cac 40 down as much as 1.5%, and the euro hit a 17-month low against the pound at 84p.
- As France erupts , Europe far right gains from fuel - price anger ahead of elections
- Sterling Reaches a 17 - Month High Against the Euro on Monday
Sterling reached a 17-month high against the euro on Monday, with the euro touching 83.95 pence before trading at 84.11 pence and sterling up 0.25%, according to Reuters. Reuters linked euro weakness to unrest in France and high energy prices, and French Prime Minister Sébastien Lecornu said partial local curfews were being arranged along with a fund for affected businesses. UK GDP grew 0.1% in August from July and 0.7% over the three months to August, while wholesale electricity and gas prices were more than double their levels a year earlier. The Bank of England held its rate at 3.75% in September, with six policymakers voting to hold and three backing a 0.25-point increase.
Related markets
Latest news
- Meta’s (NASDAQ:META) Q3 2026 sales top estimates, quarterly revenue guidance slightly exceeds expectations
Meta Platforms (NASDAQ: META) reported Q3 revenue of $64.6 billion, up 26.1% year on year and about 2% above estimates. Revenue guidance for the Q4 midpoint is $74.5 billion, 1.2% above analyst expectations. GAAP EPS of $3.83 was 29.9% below consensus, due to a $9.89 billion charge tied to an agreement with 52 attorneys general to resolve teen mental health litigation, with payments of up to about $18.59 billion; excluding it, EPS would have been $7.40. Operating margin fell to 20.1% from 40.1%, and free cash flow was -$2.12 billion. Daily active people reached 3.64 billion, up 100 million year on year.
- A SpaceX-Tesla megamerger could benefit both companies and Elon Musk's personal fortune
SpaceX shares rose 8% and Tesla 3.5% after Elon Musk said each company had formed special committees to discuss a possible combination. At current market values, the merged company would be worth about $3.5 trillion, the largest deal ever, and Musk argues it makes sense because both businesses rely heavily on artificial intelligence. Musk owns 11% of SpaceX and 19% of Tesla, and a change-in-control provision in Tesla's pay plan could treat many performance targets as met in a merger, which would make him richer. Although the shares are very expensive by most measures, most analysts still call them a bargain, and many work for banks hoping to win Musk's business. Democrats have called for investigations into SpaceX's federal contracts and could scuttle plans if they win big in next month's midterm elections.
- Netflix Is Down 38% Since Completing Its 10-For-1 Stock Split. Here's Why the Sell-Off Is Worsening After Its Latest Earnings.
Netflix shares are down 37.9% since the 10-for-1 stock split was completed on November 17, 2025, as of the October 20 close. After its third-quarter 2026 report, the stock fell 5.9% to $64.62 in after-hours trading, which would mark a new two-year low. Revenue rose 11.8% year over year, and operating margin widened from 28.2% to 34.6%, but the company now expects $2.7 billion in full-year ad revenue, down from $3 billion, due to a slower rollout of ad product capabilities. Its 2026 revenue forecast of $51.1 billion sits 0.2% below the prior midpoint, and the article also points to competition from YouTube, a third price increase in under three years, and a valuation of 17 times 2027 earnings. Netflix ended the quarter with $8.19 billion in cash against $12.66 billion in long-term debt.
- Where Will Novo Stock Be in 10 Years?
Novo, a Denmark-based pharmaceutical company, reached an all-time high in 2024 but has since faced clinical and commercial setbacks and lost substantial market value over the past two years. Its diabetes products, including Ozempic and Rybelsus, and its obesity drug Wegovy remain core, but U.S. patents on the active ingredient in these drugs expire in 2032, potentially opening the door to cheaper generics. Near-term catalysts include CagriSema, which could be approved by year-end and combines semaglutide with cagrilintide, though it fell short of the 25% mean weight loss Novo had hoped for. The pipeline also includes amycretin, UBT251, and several oral weight loss candidates. The author sees the pipeline as deep but warns of rising competition from dozens of weight-loss drugs, slower market growth, and possible U.S. drug price negotiations.
- NextEra Energy ( NEE ) Q3 2026 Earnings Call Transcript
NextEra Energy reported third-quarter adjusted earnings per share of $1.24, up 9.7% year over year. Florida Power & Light's net income reached $1.62 billion, versus $1.463 billion a year earlier, while adjusted earnings at NextEra Energy Resources rose 13% to $1.247 billion. The renewables and storage backlog reached 36.7 gigawatts, and FPL raised its large load target to 8 gigawatts by 2032. Shareholders have approved the pending combination with Dominion Energy, with state regulatory reviews expected to conclude in early 2027. Management maintained its 2026 adjusted earnings guidance and is targeting the high end of the range, even though wind generation in Q4 is projected to fall to 90% to 95% of the long-term average due to El Niño.
- Amazon logistics automation offers long-term margin gains, Jefferies says
Jefferies says Amazon's warehouse automation and expanding logistics network could lift retail margins long term by reducing labour dependence. Amazon has deployed over 1 million robots, but only 40% to 45% of its US small-sortable fulfillment centers are highly automated, leaving room for growth. A US$1 hourly wage rise would add about US$1.1 billion to costs, and Amazon has around US$27 billion of visible capex planned for automation and delivery. Jefferies sees third-party parcel delivery as a growth area, with US delivery stations possibly growing from about 575 to 950 by 2030 and early trials showing 20% to 25% savings for shippers. Grocery is harder given US$10 to US$12 delivery cost per order, though the broker sees potential in Amazon's planned Illinois hybrid retail concept expected in 2028.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.