French stocks have suffered from the shock of President Emmanuel Macron calling an election last week which hit bank shares in particular.
Meanwhile, London shares are showing renewed signs of life with bankers saying clients are looking to get deals moving again, leading to floats and share price boosts.
The FTSE 100 is up 7% in the past year and today rose 7.35 points to 8154.21.
French stocks are now collectively worth about $3.13 trillion, losing out to the UK at $3.18 trillion. The CAC 40 Index has lost all its gains for 2024.
Investors say that stability - steady inflation and interest rates and the clear likelihood of a Labour victory in the July election at least gives them some confidence about what is coming next.
Bloomberg first reported the shift this morning.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Andy vindicates bold call and fuels dream of a 'special' farewell
BEYOND the three Grand Slam titles, the two Olympic gold medals and the Davis Cup heroics, Andy Murray has built a career on making the improbable happen.
DALEY BACK IN MEDALS WITH SUPER SILVER
GAMES VETERAN AND WILLIAMS SECOND TO CHINA
After party at Ronaldo's in 2016, I hope Mbappe's around this time, says Clarke
THE last time Joe Clarke won Olympic gold, he ended up at a house party in former Brazil striker Ronaldo’s Rio de Janeiro home.
Happy tears after silver show Peaty has won his biggest fight
AS HE opened his eyes this morning, Adam Peaty fully expected the hangover to kick in.
Tesco sticking to £1bn share buyback as Goldman advises
TESCO today confirmed plans to continue with a £1 billion share buy back programme that should benefit investors.
Heineken takes hit on China brewer
GLOBAL brewer Heineken took a huge hit today from slowing Chinese markets and Europe’s washout summer, leaving its shares feeling the chill.
Firms tell Labour to block 'Beeching style' post cuts
A BUSINESS coalition representing more than 10,000 small and medium size firms today urged the Labour government to block “Beeching style” cuts to postal services.
Trad wifedom is a hoax, of course - but our obsession with it is deeply unedifying
THE obsession with trad wives goes on. Many yearnings meet in them but the principle one is misogyny, just not in the way you might think.
Edna O'Brien mastered the art of reinvention
THE opening sentence of Girl, Edna O’Brien’s last novel is, I think, unforgettable: “I was a girl once, but not any more...” And from there O’Brien, who died on Saturday, takes the reader into the unimaginable horror of the abduction and rape of the Chibok schoolgirls by the Islamist group, Boko Haram.
This ogre of a play needs to go to a land far, far away
SHREK just keeps on giving, doesn’t he? The DreamWorks ogre first appeared in 2001, with a fifth film in his franchise just announced — and don’t forget the Puss in Boots spin-offs.
