AGP Executive Report
Last update: 12 hours agoBusiness Fallout: France is counting the cost of weekend unrest: about 1,500 businesses were damaged or looted, with losses estimated at hundreds of millions of euros. Macron has ordered an urgent plan to help affected businesses, while Marseille banned demonstrations for Monday. Markets & Debt: French shares fell 1.1% as investors weighed the unrest alongside weak growth, rising debt and the government’s struggle to pass a budget. France’s 10-year bond yield reached 4.86%, well above Germany’s 3.41%, and the euro also slipped. Energy Security: Macron began a Gulf tour to secure oil and diesel supplies and curb fuel costs, seeking closer economic ties with Kuwait, the UAE, Bahrain and Qatar. Industrial Policy: France and Germany agreed to ease EU car-emissions rules and back conditional UK access to automotive sourcing provisions, a bid to support Europe’s car industry.
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