London’s stock market has surpassed Paris as fears mount over the upcoming French parliamentary elections. Currently, all stocks listed in France total approximately $3.13 trillion, slightly less than the $3.18 trillion value of shares listed in the United Kingdom. The CAC All-Share index in Paris remains marginally larger than London’s FTSE equivalent, but the UK-listed shares account for 98% of the market value.
The shift in Europe’s largest equity market is attributed to French President Emmanuel Macron's decision to call snap elections for June 9 following his party's defeat by the far right in the European Union lawmaker vote. Financial markets dislike uncertainty, and the recent political shift in France has raised concerns among investors.
