French Unrest & Debt Concerns Weigh on European Markets, CAC 40 Down 1%

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Social unrest, political instability and mounting national debt weighed on French assets early on Monday, with government bonds and Paris-listed stocks under pressure.

The euro was last seen down 0.15% against the U.S. dollar, and was 0.13% lower against the British pound.

The French 10-year bond yield jumped 7 basis points, remaining near its highest level in decades despite some recent easing. Higher yields represent higher borrowing costs for the government in the debt mark

By Danilo Masoni and Wayne Cole

MILAN/SYDNEY, Oct 19 (Reuters) - European stocks and the euro fell on Monday as unrest in France added to concerns about the country’s fiscal outlook, while Wall Street futures rebounded from last week’s tech-led selloff ahead of a big week of earnings from AI heavyweights.

Europe’s STOXX 600 fell 0.7% by 0837 GMT, while the French blue-chip CAC 40 index dropped over 1% as protests highlighted the government’s struggle to rein in its large budget deficit.

The e