Catherine Lafferty
Markets
European shares hit record highs on US shutdown progress
European stocks rallied to new record highs as optimism grew over a US government shutdown resolution and strong corporate earnings. Gains were led by healthcare and luxury sectors, while UK bond yields rose amid political uncertainties. Currency and commodity markets showed mixed signals.
Economy
France considers €2 fast-fashion import tax as EU drags its feet
The French parliament will debate a €2 fast-fashion import tax this week that will enter into force next year, as similar EU levy faces possible delays until 2028. The parliament could impose an additional €5 environmental levy on budget retailers down the line.