France reportedly faces unrest over budget cuts and living costs

France’s October 18 protests reportedly drew hundreds of thousands opposed to high living costs, fuel prices, public-service cuts and €54 billion in 2027 budget savings. Some demonstrations turned violent, with looting, arson and damage to roughly 1,500 businesses. The unrest could heighten risks for France’s minority government ahead of a budget vote and 2027 elections, with potential pressure on French equities and borrowing costs.