Britain Overtakes France to Reclaim Stock Market Crown

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