Daily brief
France presented its 2027 budget in October 2026, with measures including frozen wages and new taxes, as the government seeks to rein in spending on pensions and state salaries. The country is dealing with record public debt, and the interest rate on French ten-year government bonds reached its highest level in 24 years. Public finance expert François Ecalle said France is losing control of its debt. Paris stocks fell as French bond yields hit a 2002 high.
The United States told France and Germany to release their diesel stocks or face a US export ban, according to Reuters sources.
TotalEnergies will invest $10 billion in Argentina, CEO Pouyanne said.
Hedge funds increased their bets on euro weakness as French risks grew.
France and Germany moved towards a grand bargain on EU car regulation.
by WorldBrief & Maksim Micheliov | AI-generated summary