The riots in France are shaking the country's economy – and the stock exchange is painted red

The riots in France are shaking the country's economy: the stock exchange opened with sharp declines, and government bond yields are climbing to levels not seen since 2007. The wave of protests and looting has damaged over 1,500 businesses, and Carrefour's stock fell by more than 3%. France's deficit stands at about 5.4% of GDP.

The riots in France are shaking the country's economy, and the stock exchange opened this morning (Monday) with sharp declines. Government bond yields are climbing to levels not seen since 2007, against the backdrop of a high deficit and political instability. The wave of protests, which began over the cost of living and the deterioration of public services, escalated over the weekend into violent clashes and widespread looting in cities such as Paris, Marseille, Lyon, Bordeaux, and Limoges. The CEO of the Carrefour chain, Alexandre Bompard, reported that about 50 of the chain's branches were damaged, 19 of which were looted, and the company's stock fell by more than 3%. According to estimates, more than 1,500 businesses were affected, and the total damage could reach hundreds of millions of euros. The riots are occurring during a sensitive period, as the government tries to advance a budget to reduce the deficit, which stands at about 5.4% of GDP. France's bond yields have risen to levels higher than those of Italy and Greece, indicating growing pressure on the French economy.