AGP Executive Report
Last update: 12 hours agoLuxury: LVMH sales rose 1.2% to €18.5 billion in the third quarter, but fashion and leather goods fell 5% as Chinese demand weakened. Budget and Markets: France’s 2027 budget debate opened with a Socialist rejection motion and no clear parliamentary majority. Fiscal turmoil has pushed the 10-year bond yield to a 25-year high and the euro to its lowest level since May. Growth: The IMF cut its 2026 France growth forecast to 0.4%, while warning that energy shocks, debt and a possible AI investment reversal threaten the wider outlook. AI Investment: French cloud firm Scaleway will build its first AI supercomputer outside France, in Sweden, using AMD chips and low-carbon electricity. Retail Cyberattack: Hackers tampered with supermarket refrigeration systems, spoiling food at hundreds of stores and causing losses reportedly running into millions of euros. Fuel Costs: The government plans to release diesel from strategic reserves, with pump-price cuts expected from November 1.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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