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Stanley Black & Decker Inc. stock underperforms Monday when compared to competitorsPolitical turmoil in France sends euro tumbling and borrowing costs soaring as manufacturing crisis deepens By JOHN-PAUL FORD ROJAS Updated: 22:00 GMT, 2 December 2024 e-mail 2 View comments French borrowing costs spiked and the euro fell yesterday as the Paris government teetered on the brink of collapse and bleak figures revealed a further downturn for Europe’s manufacturing sector. The market turbulence came as Right-wing and Left-wing parties said they would back a no-confidence motion against prime minister Michel Barnier in the coming days. Barnier made a dramatic appeal to French MPs urging them not to back the move –which would be the first time a French government has been brought down by a no-confidence vote since 1962. ‘We are at a moment of truth,’ he said. ‘The French will not forgive us for putting the interests of individuals before the future of the country.’ Yields on French ten-year bonds – the return demanded by investors for lending to the government – spiked, briefly overtaking those issued by Greece. The narrowing of the gap between the two countries’ borrowing costs illustrates how, while Greece has fought back from its chaotic debt crisis more than a decade ago, France – Europe’s second biggest economy – has sunk into the mire. Under fire: French Right-wing and Left-wing parties said they would back a no-confidence motion against prime minister Michel Barnier (pictured) in the coming days At the same time, the gap between French bonds and those issued by Germany has increased. That ‘spread’ – a gauge of the premium charged by investors for holding France’s debt – widened to 0.9 percentage points last week, the highest since 2012, and rose close to that level again yesterday. The euro, meanwhile, dipped below $1.05 against the US dollar, closing in on a two-year low. Sterling surged close to €1.21 versus the euro – in a boost for British travellers heading to the continent over Christmas. France has been pushed into political turmoil after snap elections earlier this year that gave no bloc a parliamentary majority. That has left Barnier struggling to pass a budget bill that sets out £50billion worth of tax hikes and spending cuts as he seeks to repair the country’s debt-laden public finances. RELATED ARTICLES Previous 1 Next Neglect imperils Royal Mail: Government should have learned... Car industry suffers another breakdown: Vauxhall-owner... Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account The lack of support saw the prime minister say he would ram the bill through without a vote. That led National Rally leader Marine Le Pen to say she would put forward a no-confidence motion, with the Left-wing parties expected to do the same. It came as closely-watched purchasing managers’ index (PMI) showed the downturn in the eurozone’s manufacturing sector deepened last month. The PMI index, compiled by S&P Global and Hamburg Commercial Bank, sank from 46 in October to 45.2 in November – on a measure where the 50-mark separates growth from contraction. UK factory woe British manufacturing has slammed into reverse as the economy stumbles in the wake of the Budget, according to data. The purchasing managers’ index (PMI) for the sector posted a nine-month low of 48 in November, down from 49.9 in October. Job losses were the steepest since February ‘linked to concerns over rising cost pressures and weak demand’, the report said. 'It said declines in output and new orders were attributed to UK uncertainty and rising geopolitical tensions. ‘Some firms noted that announcements in the Budget had led to budgets being re-appraised,’ the report added. DIY INVESTING PLATFORMS AJ Bell AJ Bell Easy investing and ready-made portfolios Learn More Learn More Hargreaves Lansdown Hargreaves Lansdown Free fund dealing and investment ideas Learn More Learn More interactive investor interactive investor Flat-fee investing from £4.99 per month Learn More Learn More Saxo Saxo Get £200 back in trading fees Learn More Learn More Trading 212 Trading 212 Free dealing and no account fee Learn More Learn More Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence. Compare the best investing account for you Share or comment on this article: Political turmoil in France sends euro tumbling and borrowing costs soaring as manufacturing crisis deepens e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. More top stories
Leading the Best XI was Coach Maresca, whose astute tactical decisions and motivational leadership were singled out for praise by Hiller. The coach's ability to inspire his players, adapt to in-game situations, and extract the best performances from his team were crucial factors in their success during Matchweek 15.
MLB shifts six 2025 Rays games to avoid weather issuesOne of the most exciting aspects of the trailer is the integration of Pepsi branding into the game world. As Sun Wukong navigates through various terrains and battles formidable foes, subtle yet effective placements of Pepsi logos and products can be seen, seamlessly merging the virtual and real worlds. This innovative partnership not only enhances the gaming experience but also provides a unique marketing platform for Pepsi to reach a wider audience of gamers and fans.
President William Lai, front, second right, and American Institute in Taiwan Director Raymond Greene, left, gesture with event participants at the opening ceremony of a training course in New Taipei City yesterday.Photo: Wong Yu-huang, Taipei Times BETTER TIES:Greene and Lai’s appearances together are diplomatically significant, implying that the Taipei-Washington relationship is strengthening, an academic said By Weng Yu-huang and Fang Wei-li / Staff reporters American Institute in Taiwan (AIT) Director Raymond Greene and President William Lai (賴清德) yesterday together attended a ceremony launching a civic defense and disaster preparedness training course in New Taipei City. The opening ceremony of 2.0 Take Action — a first aid education and training course to hone the skills of frontline responders in major disaster incidents, co-organized by the AIT and Taiwan Development Association for Disaster Medical Teams — in the city’s Wulai District (烏來) was the third meeting of the pair since the US diplomat took office in July. After praising the course’s mudslide disaster preparedness scenario, Lai participated in an exercise by helping bandage volunteers who were pretending to be injured. The mother of the child who was pretending to be injured even urged him to hurry up, Lai joked, adding that the interaction showed how seriously the participants took the exercise. Greene said he is glad that Taiwan and the US are cooperating on humanitarian and disaster relief efforts, and that more than 2,000 people have participated in similar first aid education and training courses in 13 cities and counties in the past three years. Taiwan’s fast response to and recovery from Typhoon Kong-rey late last month and early this month serves as a role model for the Indo-Pacific region, he said. National Chung Hsing University Graduate Institute of International Politics professor Chen Mu-min (陳牧民) said that Lai and Greene appearing in public together has diplomatic significance. The US Department of State trains its diplomats well, so it is careful regarding public appearances and photo opportunities with heads of state, meaning that Lai and Greene’s appearances together imply that the Taiwan-US relationship has become stronger, Chen said. Shortly after taking office, Greene on July 10 met with Lai and stressed the US would strongly support Taiwan’s self-defense capabilities, and that Taipei and Washington have common and long-term interests in peace and stability in the Taiwan Strait. On Sept. 14, Greene met with Vice President Hsiao Bi-khim (蕭美琴) at an emergency response event organized by the Forward Alliance think tank in New Taipei City, where he said that “resilience, security and connectivity” were priorities for relations between Taiwan and the US. He also praised Lai’s administration for establishing the Whole-of-Society Defense Resilience Committee. On Sept. 20, Lai attended a mass earthquake disaster relief drill, which included international participants, in Chiayi County, where he again met with Greene, as well as Japan-Taiwan Exchange Association Deputy Representative Takashi Hattori. After the first Whole-of-Society Defense Resilience Committee meeting on Sept. 26, AIT Managing Director Ingrid Larson said the US encourages and applauds the Lai administration’s efforts to bolster Taiwan’s whole-of-society resilience. Chen, a former deputy representative of the Taipei Economic and Cultural Center in India, said that when diplomats are willing to appear in the same photo with politicians, it means they support the event, so Greene’s public appearances with Lai or Hsiao at disaster training courses carries diplomatic significance. 新聞來源: TAIPEI TIMES 不用抽 不用搶 現在用APP看新聞 保證天天中獎 點我下載APP 按我看活動辦法
Meanwhile, Manchester City will face two tough opponents in the form of Atalanta and Shakhtar Donetsk. The defending Premier League champions will need to be at their best to navigate past these challenging fixtures and assert their dominance in Group C. With the likes of Raheem Sterling and Kevin De Bruyne in their ranks, City will be hoping to showcase their attacking flair against their formidable adversaries.
Bowen Yang Was Convinced His SNL Sketch With Sydney Sweeney Needed An Intimacy Coordinator. The Euphoria Star Had A Different Take"Of course, Papa, I'll stay with you forever," Lily finally responded, her voice soft and filled with innocence. She leaned in and hugged her father tightly, her small arms wrapping around his neck as she tried to comfort him in the only way she knew how.What sets the Monkey Zuo hairstyle apart is not just its novelty, but also the bold statement it makes about individuality and self-confidence. In a world where conformity often reigns supreme, Xiang Zuo and Jiang Xiaohua's fearless embrace of non-traditional beauty standards serves as a refreshing reminder that true style knows no boundaries.
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