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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.
Related news
- Over 2 , 000 held amid France violence ; gatherings banned
French Interior Minister Laurent Nunez said more than 2,000 people were arrested after violent protests across France on Saturday, when about 550,000 people took part in nationwide marches against rising inflation. Clashes between police and protesters erupted in Paris and other cities, with fires set, dozens of shops looted, and attacks reported on public buildings, police stations and businesses. Provisional figures show more than 600 police officers, gendarmes and firefighters were injured, and several hundred businesses suffered considerable damage. Police in Marseille banned all gatherings and demonstrations from noon to 8 pm on Monday, while President Emmanuel Macron vowed prosecution of those responsible. PM Sebastien Lecornu said he had instructed prefects to impose “very limited” and “localised” curfews, noting that no one was killed despite the severe violence.
- France protests latest : Curfews to be introduced to stop violence
France's central government will impose curfews in some areas after weekend riots and looting, with Prime Minister Sebastien Lecornu ruling out a blanket curfew in Paris but not a state of emergency in the capital. Around 800,000 people protested over public services and rising living costs, while violent fringe groups set fire to buildings, looted shops and attacked police. More than 2,000 people have been arrested, and Marseille has banned public gatherings from midday to 8pm. According to Sky News, Italian Prime Minister Giorgia Meloni has decided to approve an emergency decree to fight violent riots.
- Global Markets : French markets tumble as riots add to political crisis
- France in turmoil : What might follow a weekend of riots ?
France has seen some of its worst unrest in years as protests over the cost of living and underfunded public services escalated into riots and looting. According to the government, more than 3,000 shops were looted or damaged, the Limoges town hall was torched, and about 2,400 people were arrested. The government plans state-financed furlough measures and emergency cash-flow support for affected businesses, though full funding details have not been released, and has pledged to send about 3,000 fully qualified teachers to fill staffing gaps. French government bonds came under pressure, with the risk premium over the 10-year German benchmark rising to 146 basis points, its highest in two weeks, while unions have called strikes for November 5.
- France violence : All gatherings , demonstrations banned in Marseille
Police in the Bouches-du-Rhône prefecture banned all gatherings and demonstrations across Marseille from noon to 8 p.m. on Monday after weekend unrest. Nationwide protests on Saturday drew some 550,000 participants demanding relief from fuel prices, inflation and public service cuts, but quickly turned violent. According to the Interior Ministry, 997 police officers and gendarmes were injured and 2,397 people were arrested, and Macron vowed to prosecute those responsible. In Milan, at least four officers and 20 protesters were injured and about 50 people were detained, while clashes also broke out in Brussels and tens of thousands marched in Portugal for affordable housing. Italian Prime Minister Giorgia Meloni wrote: “Demonstrating is a right. Setting our cities ablaze is not.”
- France leaders vow to restore order after weekend of violent riots across the country
French officials considered declaring a state of emergency and local curfews after a weekend of violent riots in many cities, which damaged historic buildings and led to nearly 2,500 arrests. The unrest began as protests by high school students over crumbling schools and grew into nationwide anger over the cost of living and declining public services. Prime Minister Sébastien Lecornu blamed at least part of the violence on an ultra-left movement aiming to create disorder before the April presidential election, admitted police had lost control, and vowed to restore order, with a national state of emergency possible if needed. More than 500,000 people took to the streets on Saturday, when the unrest peaked, and the Limoges town hall was burned to the ground. President Trump claimed on social media that migrants had taken over France, though French officials have not suggested any such link.
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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.
- 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).
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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.
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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.
- 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.
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