Paris Loses Crown as Europe’s Biggest Stock Market to London

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Political Upheaval,Emmanuel Macron,Equity Market

(Bloomberg) -- France’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two years after stealing that...

-- France’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two years after stealing that title from the UK.Danes Asked to Keep Supplies, Iodine Pills to Prepare for CrisesPresident Emmanuel Macron’s shock announcement of a snap election sparked a rout that wiped off about $258 billion from the market capitalization of French firms last week.

The FTSE 100 Index has hit all-time highs this year, fueled by export-reliant stocks such as Shell Plc and Unilever Plc. It has outperformed the Euro Stoxx 50 index by far in the past three months, with jet-engine maker Rolls-Royce Holdings Plc among the biggest gainers.In France, market strategists aren’t convinced about flocking back into equities yet due to uncertainty related to public finances and policy.

Investors see some reasons to remain cautious on the UK, too. The July 4 election is likely to mark the biggest political shakeup since Brexit, and the new government will have limited fiscal headroom and face scrutiny from bond vigilantes. Highlights:A total of four holes for approximately 1017.1 metres have been drilled at the Cisco discovery zone confirming and extending previously encountered mineralization.Drill hole CS24-007 intersected a total of eleven individual spodumene pegmatite intervals, for a total cumulative width of 100.1 m.Drill hole CS24-009 encountered five spodumene pegmatite intervals, for a cumulative width of 117.1 m.

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Paris Loses Crown as Europe’s Biggest Stock Market to LondonFrance’s political upheaval has led the country to lose its spot as Europe’s biggest equity market, less than two years after stealing that crown from the UK.
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