Paris:European benchmark indexes continued their downward trend on Tuesday, influenced by widespread protests in France that began over the weekend.
According to Anadolu Agency, the Stoxx 600 index fell 0.42% to 636.9 points as of 1030 a.m. local time. Germany's DAX 40 dropped 0.66% to 25,150, Italy's FTSE MIB 30 decreased 0.59% to 48,803, France's CAC 40 was down 0.31% at 7,845, and Spain's IBEX 35 declined 0.08% to 19,024 points. In the UK, the FTSE 100 also saw a decrease, falling 0.28% to 10,734 points.
The protests in France have spread to other European countries, increasing the perception of risk. In response, French Prime Minister Sebastien Lecornu has ordered local authorities to impose partial curfews in certain areas. Additionally, Italian truck and semi-truck drivers have begun protesting rising fuel prices by blocking road and port entrances in the southern regions of Italy.
US President Donald Trump, speaking at a rally in Kansas, attributed the unrest in France to 'migrants, jihadists, and communists,' claiming that the situation is related to immigration rather than other issues such as education. Meanwhile, Paris has announced a special support fund to assist local authorities in rebuilding damaged public property and infrastructure.
In financial markets, France's 10-year bond yield increased by 14 basis points to 4.94%, and the yield spread between French and German 10-year bonds widened to 148 basis points. Despite these challenges, the euro continued its slight recovery against the US dollar, with the exchange rate rising by 0.2% to 1.1234.