It’s a euros triumph already: the value of all the companies on the London stock market is greater than all those on the Paris exchange: $3.18tn plays $3.13tn, calculates Bloomberg.
Actually, we should probably contain our excitement. First, the position is not groundbreaking: until only a few years ago, London was miles ahead as the biggest stock market in Europe. Second, the current position could reverse in an instant: it would merely take a marginal improvement in the value of fashion stocks such as LVMH, Hermès and Gucci-owning Kering that are heavyweights in Paris.
