00:00It's Benzinga, bringing Wall Street to Main Street.
00:02French stocks and government bonds fell Monday as nationwide protests,
00:06political instability, and mounting debt rattled investors.
00:09According to CNBC, the CAC40 index dropped 1.7%,
00:13while France's 10-year bond yield jumped more than 10 basis points,
00:17approaching its highest level in decades.
00:19The euro also weakened against the dollar and pound.
00:22Hundreds of thousands protested over political paralysis,
00:25living costs, and public services during the weekend,
00:27with more than 2,000 arrests.
00:29Investors are questioning whether Prime Minister
00:31Sébastien Lacourneau's minority government can pass its 2027 budget
00:35and reduce a deficit of around 5% of GDP.
00:38RBC Blue Bay warned of a potential sovereign debt crisis,
00:41while KBRA said demand for French debt remains solid.
00:44For all things money, visit Benzinga.com.
