The Trader 

Market Outlook: Grim and grimmer in Paris and London

The Trader

Echoes of Versailles, as an estimated 10,000 gilets jaunes returned to the Arc de Triomphe this weekend, smashing, looting and burning commercial property; the President called a crisis meeting ‘’so this doesn’t happen again’’. Over at the Gare du Nord passengers queued for up to 5 hours to board a seriously reduced Eurostar train service; the company urging passengers not to travel until Wednesday, and only if ‘absolutely necessary’, offering full refunds; customs staff are striking over pay and conditions. Reuters reports today that the French champagne makers’ trade group CIVC says that in 2018, for the first time in a century, more bottles were exported than sold in France. Sales in both France and the UK, which together account for 60 per cent of consumption, fell for a third consecutive year; they blamed the barely managing middle’s switch to Prosecco.

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