Paris has lost its position 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 the London Stock Exchange Group also suggested the market value of UK-listed companies was bigger.
