European stocks fall on unrest in France as Nasdaq bounces
Most sectors were dragged lower, while there was renewed selling of bonds and the euro.
European equities fell sharply on Monday amid growing unrest in France and unrest in Italy's financial hub, Milan. Paris and Milan stocks declined 1.1% and 1.6%, respectively, as civil unrest in France and clashes in Milan fueled worries over mounting debt. The Dow Jones Industrial Average finished slightly lower, while tech stocks on Wall Street, particularly the Nasdaq, rebounded after recent concerns about artificial intelligence impacted equities last week.
Investors await earnings reports from major tech firms such as Meta, the parent company of Facebook, which is expected to report early this week. French President Emmanuel Macron acknowledged the anger and shame following one of the country's most violent weeks in years, with nearly 2,400 arrests and over 1,000 injured. Italian Prime Minister Giorgia Meloni convened a security meeting to address Milan's unrest, reminiscent of Paris' recent chaos.
Meanwhile, Jakarta's stock market tumbled over 5%, the lowest level in six years, due to the MSCI downgrading Indonesia's status as an emerging-market economy.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- European shares slip as France unrest dents sentiment businesstimes.com.sg
- European stocks fall on unrest in France as Nasdaq bounces freemalaysiatoday.com
- European stocks fall on unrest in France as Nasdaq bounces channelnewsasia.com
