Britain Overtakes France , to Reclaim Stock Market Crown.
The overall value of listings on the
London Stock Exchange (LSE) reached
$3.18 trillion on June 17, BBC reports.
That number surpassed the
$3.13 trillion value of companies listed
in France, according to Bloomberg data. .
While both valuations have fluctuated
since June 17, they remain close.
Analysts consider the development
to be a milestone, BBC reports. .
The French market has dipped due to uncertainty surrounding France's election, analysts say. .
Earlier this month, French President
Emmanuel Macron called a snap election following the
National Rally's victory in the European elections.
Earlier this month, French President
Emmanuel Macron called a snap election following the
National Rally's victory in the European elections.
Susannah Streeter, head of Hargreaves Lansdown's money and markets, said that the right-wing party's manifesto supports "unfunded spending.".
"They are not so focused about
winning over the market," she said.
In 2016, the LSE was worth nearly
$1.4 trillion more than its French rival.
It held its position as Europe's largest stock market for several years before being overtaken in November 2022