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French PM Freezes Pension Reform to Secure Budget Backing

French PM Sebastien Lecornu delivers his first general policy speech in front of the parliament and the new government at the National Assembly in Paris French Prime Minister Sébastien Lecornu has announced the suspension of President Emmanuel Macron’s controversial 2023 pension reform, a move aimed at shoring up parliamentary support for his government’s 2026 budget. The reform, which raised the retirement age from 62 to 64, had sparked widespread protests and political turmoil across France. Lecornu told lawmakers that the measure will now be put on hold until after the 2027 presidential election, ensuring no further increases to the retirement age in the meantime. The decision comes amid mounting pressure from opposition parties, particularly the Socialists, who had threatened to back no-confidence motions unless the reform was shelved. By conceding, Lecornu has bought his fragile government breathing space to push through a much-needed budget while avoiding immediate collapse. ...
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Market Rebound Amid Weekly Losses

                                         

U.S. stock futures showed signs of recovery on Friday after a challenging week marked by steep losses. Futures tied to the S&P 500 rose by approximately 0.9%, while the tech-heavy Nasdaq 100 saw a 1.1% increase. The Dow Jones Industrial Average futures also climbed by 0.6%.

This rebound comes after the S&P 500 entered correction territory, joining the Nasdaq Composite in a sharp downturn. The week has been turbulent, with markets reacting to uncertainties surrounding trade policies and economic data. However, optimism grew as political developments suggested a reduced risk of a government shutdown.

Despite the day's positive momentum, all three major indexes are on track for significant weekly losses, reflecting the broader challenges faced by the market. Investors remain cautious as they await further economic indicators and policy updates.

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