Value of Euronext Paris stocks falls by about $258bn in week after Macron’s announcement of snap elections
Paris has lost its spot as Europe’s largest equity market to London, as investors reacted to political turmoil in France in the week since Emmanuel Macron called snap elections.
Stocks listed on Euronext Paris were collectively worth about $3.13tn after about $258bn was knocked off the market capitalisation of French companies last week, 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 the market value of UK-listed companies was bigger.
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Source link : https://www.theguardian.com/business/article/2024/jun/17/paris-loses-spot-europe-largest-equity-market-london
Author : Jasper Jolly and Graeme Wearden
Publish date : 2024-06-17 16:17:07
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