European stocks fell, led by Paris and Milan, as violence spread across France and street clashes hit Italy's financial capital, raising concerns over elevated debt. French President Emmanuel Macron condemned the 'unbridled' violence after nearly 2,400 people were arrested in cost-of-living protests, with almost 1,000 police injured. In Asia, AI-linked tech stocks faced renewed pressure after Wall Street's Friday selloff, while Jakarta's market fell sharply, extending a plunge of more than 11% on Friday, after MSCI said Indonesia's emerging-market status was 'no longer appropriate'. Official data showed China's economy grew 4.5% in the third quarter.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/16/2026 | 1.12393 |
| Change that session | +0.16% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- European stocks drop amid protests in France , Italy
European markets fell on Monday, led by Paris (down 1.7%) and Milan (down 1.8%) in afternoon trading, as intensifying violence in France and street clashes in Italy's financial hub raised concerns about mounting debt. In France, nearly 2,400 people were arrested on Saturday in cost-of-living protests that turned violent, with almost 1,000 police injured, while lawmakers debate a 2027 budget plan that calls for billions of euros in spending cuts. In the US, tech stocks helped the Nasdaq Composite climb 1.0% as trading got underway. Jakarta's stock market fell more than 5%, extending Friday's plunge of over 11% to its lowest level in six years, after index compiler MSCI said it was no longer appropriate to maintain the country's emerging-market status.
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