News · CNBC

France protests: Macron condemns 'stupid' comments from Trump, others as bond-market pressure builds

French President Emmanuel Macron condemned 'unacceptable' and 'stupid' comments from foreign leaders, including U.S. President Donald Trump, after mass protests and the worst rioting in years, saying some politicians were using the situation for their own ends. Trump had blamed the unrest on 'migrants, jihadists, and Communists' and urged Europe to close its borders, while Interior Minister Laurent Nuñez said some military forces would be deployed to help maintain order as further rallies were called for the coming weekend. The yield on 10-year French government bonds rose to 5.113%, a 24-year high and above the 10-year U.S. Treasury yield for the first time since 2013, as investors doubt France will pass fiscal consolidation while its government lacks a parliamentary majority. Morningstar estimates insured losses from the unrest at up to 1.2 billion euros ($1.34 billion), and the government has cut its 2026 real GDP growth forecast to 0.5% from 1%.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on CNBC ↗

Keywords

FranceprotestsbondsEmmanuel Macron

Open a keyword to see other news on the same topic.

Related tickers and likely impact

EUR/USD

▼ Likely negative

Relevance: low

MarketCurrencies
Close on 10/21/20261.12328
Change that session-0.04%
EUR/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • France curfews calm unrest as Macron faces criticism over Gulf trip

    Prime Minister Sébastien Lecornu said curfews helped produce a “calm” night across France, though public discontent remains high after the weekend's mass protests, looting and violence. Meanwhile, President Emmanuel Macron faces criticism for a three-day tour of the Middle East, which he said aims to address high fuel prices and secure French energy supplies. The unrest comes amid political instability, a divided parliament with no majority, and government borrowing costs at their highest level in decades. The government is targeting a cut in the deficit to 5% of GDP from 5.4% in its 2027 budget, while French bonds, stocks and the euro sold off after the weekend scenes.

    CNBC·FranceEmmanuel Macronprotests
  • The sorrow of Europe's “big brother” economy: Bonds keep selling off heavily after a “turbulent weekend”

    French 10-year government bond yields rose 0.14 percentage points to 4.93% after a turbulent weekend, while the spread over German bonds returned to 1.47 percentage points. Nationwide protests over rising living costs and student education conditions turned into widespread rioting and looting; the government said at least 3,000 shops and businesses were looted, and the French retail federation estimated damages could reach “several hundred million euros.” More than 2,500 people are under formal investigation, 67 of them detained, and several cities have imposed curfews. President Macron rejected Interior Minister Laurent Nuñez’s resignation offer, even though Nuñez admitted police were deployed too thinly for protests of over 550,000 people, against an expected 200,000. Opposition politicians and the mayors of Paris and Marseille criticized the government for letting police lose control of the situation.

    CafeF·▼ EUR/USD▲ DXY▲ XAU/USDbondsFranceprotests
  • French Bonds , Stocks Drop As Far - Left , Migrant Riots Worsen ; Macron Fails To Restore Orderzerohedge.com·▼ EUR/USD▲ XAU/USD• SPYFrancebondsprotests
  • As France reels from violence , Macron points to security failings

    President Emmanuel Macron rejected Interior Minister Laurent Nunez’s offer to resign after weekend riots, instructing him instead to end barricades and looting and be transparent about failures in foresight and intelligence. Hundreds of thousands protested over cost-of-living pressures and declining public services, but in cities including Paris, Marseille and Lyon, peaceful marches were hijacked by rioters despite 60,000 police and security forces being deployed on Saturday. Justice Minister Gerald Darmanin also pointed to intelligence failures and said “extreme-left” rioters had been underestimated. The unrest comes six months before the presidential election and as the government needs to pass a budget bill. France’s 10-year yield rose 8 basis points to 4.86%, while Germany’s was flat at 3.41%, and the CAC 40 fell 1.3% in early trade.

    lufkindailynews.com·FranceprotestsEmmanuel Macron
  • Half a Million Protesters , One Growing Crisis : France unrest explained

    Protests across France over inflation and deteriorating public services escalated into widespread rioting on Saturday, in what was described as some of the country's worst unrest in years. French authorities counted 550,000 participants, while union organizers estimated about 800,000, and more than 2,000 people were arrested. The movement began with students demanding better education funding before labor unions and workers joined, broadening it into an anti-government movement with anger directed at President Emmanuel Macron. A 143-year-old town hall in Limoges was largely destroyed in an arson attack after its window was broken by looters. Figures including Marine Le Pen, JD Vance and Donald Trump weighed in, while French Foreign Minister Jean-Noël Barrot criticized foreign commentary on the unrest.

    dailycampus.com·▼ EUR/USDFranceprotestsinflation
  • France on the Brink of Social Unrest : When Economic Crisis Reaches the Streets

    Protests in France began among school students before spreading to university students and workers, echoing the Gilets Jaunes movement over living costs and purchasing power. The Interior Ministry estimated about 550,000 participants nationwide on October 17, while organisers put the figure at 800,000. The backdrop includes 3.1% annual inflation in September 2026, 8.3% unemployment in Q2, growth forecast at just 0.4% for 2026, public debt around 119% of GDP, and a budget deficit of 5.1% of GDP in 2025. Tear gas and crowd-control projectiles have raised concerns, with 1,949 arrests or detentions reported on October 1 and a 15-year-old in Lens reportedly losing a hand after a police grenade exploded on October 5. Critics argue the Macron government has not offered convincing solutions, and that repression of peaceful protesters risks diverting attention from the policies fuelling public anger.

    pressenza.com·▼ EUR/USDFranceprotestspublic debt

Related markets

Currencies →

Latest news

  • Bank Profits Surge

    The 9-month 2026 results show many banks continued to grow profits, with some posting record quarterly earnings. VPBank's pre-tax profit reached nearly VND 30,000 billion, up nearly 47%, equal to its full-year 2025 result and about 72.4% of its 2026 plan; Q3 pre-tax profit topped VND 11,000 billion. Techcombank posted VND 28,900 billion (up 23.7%), while LPBank reported VND 10,421 billion (up nearly 9%). SSI forecasts pre-tax profit of its monitored banks to rise 19.5% in 2026 before slowing to 15.4% in 2027, pressured by narrowing net interest margins and rising credit risk provisions. It also expects system-wide credit growth of 16-17% in 2027 and 17.9% for the monitored banks.

    CafeF·▲ VNINDEX
  • World's Largest Gold Fund Dumps Over 10 Tonnes of Gold as Prices Slide

    SPDR Gold Trust, the world's largest gold fund, continued net selling of nearly 12 tonnes of gold in the 22/10 session, bringing total sales over 2 sessions to nearly 15 tonnes and cutting its holdings to about 1,046 tonnes. Spot gold fell more than 2.8% to around USD 4,025 per ounce at the close of 22/10, and briefly dipped below USD 4,000 per ounce in the morning session of 23/10. Tensions in the Middle East pushed crude oil prices higher, raising concerns about inflation and further Fed tightening, and gold has still not attracted sustained safe-haven demand even as US Treasury yields fell. US September CPI rose 0.6% month on month and 3.7% year on year, while PPI rose 1.3% and 6.3%. Markets price about an 84% chance the Fed holds rates steady at its 27-28/10 meeting and a 16% chance of a 25 basis-point increase; September PCE data due on 29/10 is the next key factor to watch.

    CafeF·▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDT
  • Gold Prices Continue to Fall

    On the morning of 23/10, domestic gold prices kept falling, with SJC bar prices varying by seller and the premium over world gold widening. Công ty TNHH Vàng bạc đá quý Sài Gòn listed SJC bars at VND 139-142 million per tael (buy-sell), down VND 300,000; Phú Quý was at VND 138-141.8 million, down VND 500,000; and Mi Hồng at VND 140-141.5 million, down VND 800,000. Gold rings also fell by varying amounts, with DOJI at VND 138-142 million and Phú Quý at VND 138-141 million per tael. World gold dropped USD 129 to around USD 3,992 per ounce, equal to about VND 125.3 million per tael, leaving SJC bars about VND 16.7 million per tael above the world price. The State Bank's central rate was set at 25,627 VND/USD, down 5 dong, while Vietcombank quoted 25,660-26,040 VND/USD (buy-sell).

    CafeF·▼ PAXG/USDT▼ XAUT/USDT▼ XAU/USD
  • Company Linked to Billionaire Pham Nhat Vuong Announces Major Good News

    VEFAC (ticker VEF), a Vingroup subsidiary, posted Q3 net revenue of nearly VND 77 billion, up 67% year on year, but a gross loss of about VND 27 billion as cost of sales from its exhibition business exceeded revenue. Q3 profit rose mainly thanks to a gross gain of about VND 65 billion from transferring some schools in a project to a partner, while financial income reached over VND 388 billion, mostly from loan and investment income. For the first nine months of 2026, after-tax profit was nearly VND 865 billion, down about 94% from VND 15,418 billion in the same period of 2025, as the prior year included large gains from transferring part of the Vinhomes Global Gate project. As of 30/9/2026, total assets stood at over VND 31,905 billion, up 36% from the start of the year, while total liabilities exceeded VND 24,364 billion, with short-term customer advances rising from VND 411 billion to over VND 8,373 billion.

    CafeF·▲ VHM▲ VIC
  • Lotte and Phat Dat Officially Break Ground on VND 60,000 Billion Mega Project in Thu Thiem 'Golden Land'

    A joint venture between Lotte Group (South Korea) and Phát Đạt (HoSE: PDR) officially broke ground on 23/10 on Lotte Eco Smart City Thu Thiem in the Thu Thiem New Urban Area, HCMC, with total investment of about VND 60,000 billion. The project covers nearly 7.5 ha and will combine Grade A offices, retail, services, accommodation and housing, adjoining the central plaza and central lake of Thu Thiem. Phát Đạt holds 35% of Lotte Properties HCMC, the project developer, and will develop the housing blocks along with two towers (2-1 and 2-3) with about 219,722 m2 of floor area, while Lotte handles block 2-5. Lotte Properties HCMC paid VND 17,569 billion in land-use fees on 31/7/2026, and Phát Đạt completed its VND 7,666 billion payment to take its 35% stake. MB is funding all of Phát Đạt's capital contribution, while VietinBank and BIDV also support the project.

    CafeF·▲ PDR
  • International Business : Global stocks nosedive as Meta dents AI optimism

    Global stocks retreated as tech earnings failed to ease concerns about the AI outlook, with MSCI's All-World index set for its largest daily fall in two weeks, down 0.4 per cent. Meta beat third-quarter revenue expectations, but its plan to issue non-voting stock revived worries about its mounting capital commitments, and a New Mexico judge ordered it to pay a $25 billion penalty in a data privacy case. Brent crude rose nearly 3% to $112 a barrel, near a five-month high, after more Houthi attacks in Saudi Arabia raised supply risks. Investors moved into government bonds, pushing the US 10-year yield down to 5.05%, below France's for the first time in 13 years, while French yields have climbed above 5% amid concerns over social unrest and debt. The France-Germany 10-year spread reached 177.7 basis points, its widest since 2011, while gold fell 1.8% to $4,070 an ounce.

    gdnonline.com·▼ META▼ QQQ▼ SPY▼ NVDA

All news →

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.