Good evening, this is Markets Desk with your top stories.
France is in open political crisis tonight, as the country endures its worst civil unrest in years. Thousands have been arrested after citizens took to the streets in fierce opposition to government austerity measures. President Macron has promised an uncompromising response, but the timing is deeply uncomfortable, with a critical budget vote looming and fiscal credibility on the line for Paris.
Shifting to Asia, Chinese chipmaker CXMT saw its shares fall more than six percent Monday, even as the company reported a profit turnaround in its earnings forecast covering the first nine months of two thousand twenty six. Investors appear to be looking past the headline improvement, likely weighing supply glut concerns and continued geopolitical pressure on China's semiconductor sector. It's a reminder that a profit recovery alone doesn't always move the needle when macro headwinds are this heavy.
On the startup front, healthcare company Abby Care has closed an eighty two million dollar Series C, targeting the chronic caregiver shortage with a model that deliberately moves away from traditional nursing pipelines. The approach leans on trained non-clinical caregivers, betting that the gap isn't solved by more nurses alone but by rethinking who delivers care entirely. Investors are clearly watching closely.
That's the tape. Markets Desk, signing off the floor.
