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French protests impact European markets
France experienced widespread protests and riots over the weekend, leading to a noticeable decline in European stock markets. The French CAC 40 index dropped by 1.02%, and the STOXX 600 index decreased by 0.39% to 642.24 points. The euro also declined by 0.25%, reaching $1.1210, amid concerns over the worsening political and economic situation in the country, which is facing slowing growth and rising public debt levels. These tensions resulted from protests against rising living costs and deteriorating public services, including acts of violence. The Élysée Palace announced that President Macron refused to resign despite calls for the interior minister's resignation. On the economic front, Brent crude oil prices remained above $100 per barrel, while natural gas prices rose to their highest level in four years, as investors awaited earnings reports from major companies and monitored how the unrest might impact financial markets.
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