French economy takes hit after Macron's snap election call

Britain Overtakes France , to Reclaim Stock Market Crown. The overall value of listings on the London Stock Exchange (LSE) reached $3.18 trillion on June 17, BBC reports. That number surpassed the $3.13 trillion value of companies listed in France, according to Bloomberg data. . While both valuations have fluctuated since June 17, they remain close. Analysts consider the development to be a milestone, BBC reports. . The French market has dipped due to uncertainty surrounding France's election, analysts say. . Earlier this month, French President Emmanuel Macron called a snap election following the National Rally's victory in the European elections. Earlier this month, French President Emmanuel Macron called a snap election following the National Rally's victory in the European elections. Susannah Streeter, head of Hargreaves Lansdown's money and markets, said that the right-wing party's manifesto supports "unfunded spending.". "They are not so focused about winning over the market," she said. In 2016, the LSE was worth nearly $1.4 trillion more than its French rival. It held its position as Europe's largest stock market for several years before being overtaken in November 2022