European Stocks Lift, France’s Yellow Vest Protests Calm Down
Arslan Butt•Tuesday, December 11, 2018•1 min read
A day before, European shares fell dramatically over the violent protests against fuel tax rises, living costs, and other issues. But the situation has calmed after the French president Emmanuel Macron vowed to raise the minimum wage and cut taxes in an attempt to stop more severe protests that have shaken the Eurozone’s second-biggest economy.
Here’s what Macron proposed:
- The minimum wage would rise by €100 per month from 2019.
- A proposed tax hike for low-income pensioners would be canceled.
- They wouldn’t tax the overtime pay.
- Employers would be encouraged to pay a tax-free end of year bonus to employees.
CAC (Fra40) recovered from Monday’s losses to trade at 4,792. It has the potential to go after 4,864.
DAX (Ger30) opened higher with a gap to trade at 10,725.68 adding +0.98%.
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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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