London, England is once again home to the largest stock exchange in Europe.
London has reclaimed the title from Paris, France less than two years after losing it. Ongoing political upheaval has led to a sharp drop in stock prices listed on the Paris exchange.
French President Emmanuel Macron’s snap election call has wiped $258 billion U.S. from the stocks of publicly traded French companies over the past week.
Stocks in France are now collectively worth $3.13 trillion U.S., less than the $3.18 trillion U.S. of stocks listed in rival London, according to data from Bloomberg Markets.
France’s CAC 40 stock index has lost all its gains in 2024, a sharp reversal from only a month ago when it was sitting at a record high.
At the same time, improving economic growth and a rise in…
