![Paris Loses Crown To London As Europe's Biggest Stock Market](https://cdn.magzter.com/1547192204/1718650112/articles/BJwj5LYb963RMklCcHBsys/Stock-Market.jpg)
President Emmanuel Macron's shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market capitalisation of French firms last week. Shares of banks Societe Generale SA, BNP Paribas SA and Credit Agricole SA- all big holders of government debt-lost more than 10 per cent each.
Stocks in the country are now collectively worth about $3.13 trillion, narrowly losing out to the UK at $3.18 trillion, according to data compiled by Bloomberg. The CAC 40 Index has erased all its gains for 2024 asharp reversal from scaling record highs a month ago.
"We are in a period where there are no certainties for three-tofour weeks and the market could unfortunately become more unstable," said Alberto Tocchio, a portfolio manager at Kairos Partners.
This story is from the June 18, 2024 edition of Business Standard.
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 June 18, 2024 edition of Business Standard.
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
![In the shadow of the mighty Annapurna](https://reseuro.magzter.com/100x125/articles/18959/1751399/8yBkvHP86DpLunjVsN3sys/IN-THE-SHADOW-OF-THE-MIGHTY-ANNAPURNA.jpg)
In the shadow of the mighty Annapurna
The unusual charm of trekking to Mardi Himal in the rainy season
Govt to organise Global IndiaAl Summit on July 3-4
The Ministry of Electronics and Information Technology will organise a global AI summit on July 3-4 to discuss issues related to artificial intelligence with India firmly committed to ethical and inclusive growth of this new-age technology.
![ON THE BOIL](https://reseuro.magzter.com/100x125/articles/18959/1751399/vplz1H3rRry9dGh6o8Zsys/ON-THE-BOIL.jpg)
ON THE BOIL
Why are milk prices rising when the supply is healthy?
![Asset monetisation helped RIL create value: Morgan Stanley](https://reseuro.magzter.com/100x125/articles/18959/1751399/OCubL0fEgkbULtnjoarsys/ASSET-MONETISATION-HELPED-RIL-CREATE-VALUE-MORGAN-STANLEY.jpg)
Asset monetisation helped RIL create value: Morgan Stanley
Asset monetisation cycles have created 2-3x value for the shareholders of Reliance Industries in the last three decades, with each decade witnessing $60 billion in market cap creation, according to a report by the US-based financial services firm Morgan Stanley.
![Weak steel prices rob metal sector's sheen](https://reseuro.magzter.com/100x125/articles/18959/1751399/HE7fQ3YESM8TTsoXGgusys/WEAK-STEEL-PRICES-ROB-METAL-SECTORS-SHEEN.jpg)
Weak steel prices rob metal sector's sheen
Slowdown in mining activity due to monsoon season will continue to remain a challenge in near-term, say analysts
MF Lite norms proposed for passive AMCs
The Securities and Exchange Board of India (Sebi) on Monday proposed to introduce a lighter version of mutual fund (MF) regulations for 'passive only' fund houses.
Clear skies ahead: Strong long-term gains for IndiGo
Long-term macro trends indicate growth in demand for air travel.
![Regulator directs exchanges, other MIIs to levy same fees](https://reseuro.magzter.com/100x125/articles/18959/1751399/QSVv0HVSzLiC5fZ5gj4sys/REGULATOR-DIRECTS-EXCHANGES-OTHER-MIIS-TO-LEVY-SAME-FEES.jpg)
Regulator directs exchanges, other MIIs to levy same fees
The Securities and Exchange Board of India (Sebi) on Monday directed stock exchanges and other market infrastructure institutions (MIIs) to discontinue with the practice of levying slab-wise fee structures.
Niva Bupa files draft papers for ₹3,000 cr IPO
Niva Bupa Health Insurance has filed a draft red herring prospectus (DRHP) with the capital market regulator Securities and Exchange Board of India (Sebi) to raise ₹3,000 crore via initial public offering (IPO).
Mkts start July on strong note, log new highs
Indian equities extended their winning run during the first session of July by logging new highs on Monday, supported by gains in banking and technology stocks.