London Reclaims Title as Europe's Largest Stock Market
Political turmoil in France and investor confidence in the UK drive the shift in market leadership.
- London Stock Exchange's market cap reached $3.18 trillion, surpassing Paris's $3.13 trillion.
- French stocks plunged following President Macron's snap election announcement, erasing $258 billion in market value.
- UK's stock market benefited from steady inflation, growing takeover activity, and upcoming general elections.
- Analysts suggest the French market's instability is likely to continue, particularly affecting banks and luxury goods companies.
- London's resurgence marks a significant recovery after losing its top spot in 2022 amid Brexit and economic challenges.