By Michael Msika, Bloomberg Markets Live reporter and Strategist
For as long as most people can remember, London has been Europe’s biggest equity market. Given the crisis of confidence in British assets, that may soon change.
This year’s decline in UK stocks has pushed the market’s total capitalization to within touching distance of its nearest challenger, Paris. At the equivalent of $2.46 trillion, the gap between them is only $133 billion, close to the lowest on record. The differential between the UK and French markets has been gradually eroding since Britons voted to leave the European Union in 2016. But […]
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