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London Stock Exchange becomes Europe's largest stock market again

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A French election is driving down the value of French listed companies, analysts say

The UK’s main stock market retook its crown as Europe’s most valuable for the first time in nearly two years, data shows.

President Emmanuel Macron called the snap election earlier this month, following a victory for his rival Marine Le Pen's right-wing National Rally in European elections. If investors believe that a government or potential government's policies don't add up, the interest rate on bonds, known as the yield, tends to rise.

This has driven up the value of American stocks, which then encourages even more companies to list there.

 

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