Tens of thousands of people across major European cities protested over the weekend against rising living costs, housing shortages and strained public services. In France, about 550,000 people joined nationwide demonstrations on Saturday that turned violent, with 997 police officers and gendarmes injured, seven of them seriously, and 2,397 people arrested. Clashes also broke out in Milan and Brussels, with about 50 demonstrators detained in Milan, while tens of thousands rallied in Portugal demanding affordable housing. European leaders condemned the violence, and a Eurofound senior research manager said the benefits of macroeconomic stability are failing to reach the bottom half of the income distribution.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on english.news.cn ↗
Keywords
protestscost of livingFranceEurope
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 10/16/2026 | 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
- Protests spread across Europe : Cost - of - living pressures behind the demonstrations
Thousands of people across Europe protested over the weekend against rising living costs, unaffordable housing, low wages and strained public services. In France, hundreds of thousands joined demonstrations, but some turned into looting and rioting that damaged about 1,500 shops, with the Retail and Trade Federation estimating costs of “several hundreds of millions of euros” and President Emmanuel Macron vowing to hold those responsible to account. Police clashed with demonstrators in Belgium, while Italy saw clashes in Milan, Turin and Bologna, and Portugal’s unions called for higher wages, better pensions and affordable housing. Eurostat data analysed by Euronews Business shows EU food prices rose 34% between August 2021 and August 2026, and the food a minimum wage could buy fell 6% in Malta, 5% in Spain and 4% in France. The comparison excludes taxes, rent and other household costs.
- World Insights : Cost - of - living anger fuels protests across Europe amid deepening social - economic strains - Xinhua
Tens of thousands of people took to the streets across several European cities over the weekend to protest rising living costs, housing shortages and strained public services. In France, some 550,000 people joined nationwide demonstrations on Saturday, which quickly turned violent, leaving 997 police officers and gendarmes injured, seven seriously, and 2,397 people arrested nationwide. In Milan, Italy, protesters threw firecrackers and bottles at police, injuring at least four officers and 20 demonstrators, with about 50 detained. Clashes also broke out in Brussels, and tens of thousands marched in Portuguese cities demanding affordable housing. Analysts warn that failing to address these hardships risks further eroding public trust and deepening social divisions.
- Four EU countries rocked by unrest
Hundreds of thousands of people protested across Belgium, France, Italy and Portugal on October 17-18 over rising living costs. In France, the Interior Ministry counted over 550,000 participants, and the marches turned violent, with looting in several cities, a fire that nearly destroyed the 140-year-old Limoges city hall, and 1,200 arrests and 150 injured police, according to Prime Minister Sebastien Lecornu. Police used tear gas and water cannon in Brussels and Liège, while tens of thousands marched in Lisbon over housing costs and low wages. In Milan, clashes left at least 2 officers injured and about 50 people arrested, many of them minors, and Prime Minister Giorgia Meloni condemned the violence. Alberto Alemanno of HEC Paris said discontent is spreading, with early signs of protests in Greece, Germany and Austria expected next week, as Europe prepares for a major run of national elections in the next 12 months.
- Cost - of - living anger fuels protests across Europe amid deepening social - economic strains
Tens of thousands of people marched across European cities over the weekend, protesting surging living costs, housing shortages and strained public services. In France, about 550,000 people joined nationwide demonstrations on Saturday, and clashes left 997 police officers and gendarmes injured and 2,397 people arrested. In Milan, four officers and 20 protesters were hurt and about 50 people were detained, Brussels saw clashes, and tens of thousands in Portugal demanded affordable housing. French President Macron and Italian Prime Minister Meloni condemned the violence and vowed to prosecute those responsible. Eurofound's Eszter Sandor warned that the benefits of macroeconomic stability are not reaching the bottom half of the income distribution, eroding trust in governments.
- World Insights : Cost - of - living anger fuels protests across Europe amid deepening social - economic strains
Tens of thousands of people rallied across major European cities over the weekend against rising living costs, housing shortages and strained public services. In France, nationwide protests on Saturday drew about 550,000 people and turned violent, with 997 police and gendarmes injured and 2,397 people arrested. In Milan, protesters threw firecrackers and bottles at police, leaving at least four officers and 20 protesters hurt, while clashes also broke out in Brussels and tens of thousands in Portugal demanded affordable housing in Lisbon and Porto. Leaders including French President Emmanuel Macron and Italian Prime Minister Giorgia Meloni condemned the violence. Eszter Sandor, a senior research manager at Eurofound, warned that the benefits of macroeconomic stability are not reaching the bottom half of the income distribution, deepening public distrust.
- European Shares Seen Lower As Violence Erupts At France Protests
European stocks were seen opening lower on Monday as mass protests in France escalated into riots, adding to an already elevated fiscal risk premium. The euro fell against most G10 peers due to the protests in France and rising tensions in Ukraine. French President Emmanuel Macron called for 'calm and order' after a major day of protests on Saturday turned into rioting and looting.
Related markets
Latest news
- A bank stock unexpectedly drew nearly 300 billion VND in net buying from securities firms' proprietary desks early this week
On 19/10, the VN-Index fell 16.07 points (-0.94%) to 1,689.84, with selling pressure intensifying in the afternoon session. Securities firms' proprietary trading net bought 275 billion VND on HoSE, led by CTG at 230 billion VND, followed by KBC (134 billion), VPB (133 billion) and MSN (45 billion). On the other side, proprietary desks net sold the most of ACB at 221 billion VND and FRT at 144 billion VND.
- BingX, YouHodler added to ESMA MiCA register in latest update
ESMA's latest MiCA register update added nine crypto-asset service providers (CASPs), bringing the total to 375 unique providers, including BingX's Austrian entity MEGE zweite and the Italian subsidiary of YouHodler. Other additions were Spain's Prakma Markets, Openbank Deutschland (a unit of Banco Santander) and two German cooperative lenders, while Denmark's Penning Financial Services is no longer listed. The EMT register stayed at 50 entries for 25 unique entities, the ART register remained empty, and the non-compliant NCASP register rose by five entries to 178. BingX's EU CEO Daniel Lai said the authorization lets the company operate under a clear regulatory framework as it prepares to launch regulated services across the European Economic Area.
- Zcash Developer Zakura Proposes Fix to Stop Quantum Computers Linking Shielded Swaps
Zcash full node developer Zakura has proposed “one-time” viewing keys to stop a future quantum computer from linking a user's shielded Zcash payments. The biggest risk is swaps through NEAR Intents, where each swap out of ZEC posts one of the user's shielded addresses to NEAR's public chain as a refund address, and around $600 million to $700 million had flowed through that route by May, according to Zcash Open Development Lab CEO Josh Swihart. The fix derives a separate incoming viewing key for each published address while leaving the spending key untouched, so a quantum attacker who breaks one address would only see payments to that address. The approach needs no network upgrade, and wallets built on Zakura's open-source libraries, such as Vizor, can add it in the coming weeks, with hardware wallets to follow. At the time of reporting, ZEC traded at $1,165, up 3.6% on the day.
- JPMorgan's JPM Coin, representing dollar deposits, is coming to Ethereum: Bloomberg
JPMorgan will make JPM Coin, a token representing its dollar deposits, available to institutional clients on Ethereum, according to Bloomberg. The bank says Ethereum's liquidity makes it attractive to crypto companies seeking blockchain payments and to financial firms settling trades or backing tokenized assets. The move extends JPMorgan's blockchain work beyond Base and its private Kinexys network, which processes more than $7 billion daily. The bank did not say when the token will go live on Ethereum. Meanwhile, JPMorgan is among US banks planning a shared tokenized deposit network, but it was not on Swift's list of 17 banks preparing live transactions on its blockchain ledger in July.
- Robot factories and hypersonic missiles: JPMorgan Chase’s first $5 billion of defense investments
JPMorgan Chase said it has made $5 billion in startup investments in the first year of its U.S. security and resiliency initiative, a faster pace than expected. The bank had pledged $10 billion into startups over a decade and may expand the program beyond that amount, according to co-president Doug Petno. Among the disclosed stakes, JPMorgan has taken direct positions in Hadrian, which builds automated factories making parts for defense, aerospace and maritime companies, and Castelion, maker of the relatively low-cost hypersonic missile Blackbeard. The bank helped lead a $1.4 billion funding round for Hadrian and was involved in a $1 billion round for Castelion. The direct equity stakes mark a departure from JPMorgan's usual role as a lender and advisor.
- One Year In, JPMorganChase's Security and Resiliency Initiative Is Helping to Strengthen Industries Critical to Long-Term Economic Growth
One year after launching its $1.5 trillion Security and Resiliency Initiative (SRI), JPMorganChase said it has deployed $5 billion in equity investments through its Strategic Investment Group, half of its initial $10 billion SRI allocation. The firm has financed and facilitated more than $230 billion in transactions across SRI's focus areas, including supply chains and advanced manufacturing, defense and aerospace, energy, frontier technologies, and pharma and healthtech. The Strategic Investment Group, led by Todd Combs, invests in venture, growth and later-stage companies, while a team of more than 35 SRI professionals has expanded the initiative to Europe and Canada. Nearly one-third of SRI-related activity in the past year occurred outside the United States, as many critical technologies and supply chains cross borders. Chairman and CEO Jamie Dimon said strong economies and national security require investment in infrastructure, manufacturing, energy, defense and innovation.
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.