Paris Becomes Europe’s Largest Stock Market
According to Bloomberg, Paris has supplanted London as the biggest stock market in Europe because French luxury companies are optimistic about loosening coronavirus regulations in China.
« Another emblem of status has left London. The biggest stock market in Europe no longer resides there. That honor now belongs to France and its stable of upscale businesses, including Kering SA, the owner of Gucci, and LVMH (Louis Vuitton Moet Hennessy), which are riding a wave of optimism that Chinese consumers will be willing to spend money as coronavirus restrictions loosen, » the newspaper writes.
The French stock market is currently valued at $2.823 trillion, slightly more than that of the UK ($2.821 trillion), according to data gathered by the agency. In 2016, the value of British stocks added $1.5 trillion more than French stocks.