Paris Loses Out To London As Europe's Largest Equity Market
The Guardian|June 18, 2024
Paris has lost its spot as Europe's largest equity market to London, as investors react to political turmoil in France in the week since the president, Emmanuel Macron, called a shock snap election.
Jasper Jolly. Graeme Wearden
Paris Loses Out To London As Europe's Largest Equity Market

Stocks listed on Euronext Paris are collectively worth about $3.13tn (£2.47tn) after about $258bn was knocked off the market capitalisation of French companies, putting it behind the London Stock Exchange's $3.18tn (£2.51tn), according to data compiled by Bloomberg. Separate data from Refinitiv, a subsidiary of the London Stock Exchange Group, also suggested that the market value of UK-listed companies was bigger.

Macron's decision to call for a national assembly election took most French political analysts by surprise. Polls suggest the far-right National Rally (RN) could become the largest party in the assembly.

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