London loses position as most valuable European stock market
Paris is now Europe’s biggest stock market, overtaking London for the first time since records began in 2003. …
“Since the [Brexit] vote in June 2016, Paris’ CAC-40 index is up 47% and London’s FTSE 100 has advanced by just 16% – but the gap is not down to Brexit alone. The London market is more heavily exposed to unpredictable sectors such as miners and oils; ones that have struggled in a zero-interest rate environment such as banks and insurers; and ones which can be seen as dour plodders, such as utilities and telecoms,” Mr Mould added.
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