Paris overtakes London as Europe's most valuable stock market

First time since records began

London has lost its position as Europe’s most valuable stock market, as Britain’s economic downturn continues to weigh on listed UK companies.

According to Bloomberg data, Paris has taken top spot for the first time since records began in 2003. The aggregate value of the shares of its companies has been boosted by currency movements and the demand for French luxury brands by Chinese shoppers. The combined value of British shares is now around $2.821trn, while France's are worth around $2.823trn, Bloomberg calculations show. In 2016, UK stocks were collectively worth $1.5trn more than France. Seismic shift from UK to global equity funds in UK portfolios A weakening economy has meant the UK stock market has long been out of...