London s stock market is poised to regain its position as Europe s largest equity market, surpassing Paris, due to a faltering rally in French luxury shares. The market capitalization of primary British listings now stands at $2.90 trillion compared to France s $2.93 trillion. This shift is driven by a slide in France s value amidst economic gloom in the Chinese market, while London is experiencing signs of investor bullishness for the first time in years. Factors contributing to the UK s positive outlook include a rally in oil prices, cooling inflation, and the potential for a weaker pound.
The British FTSE was last trading 0.57 percent higher. French CAC was trading with marginal gains, while the biggest European market by volume, German DAX was trading 0.43 percent higher.
The European stock market fell by nearly one per cent as Christine Lagarde was asked to set inflation targets that factor in energy prices and geopolitics.
director at aj bell. there s an atmosphere of one more and done do you think these could be the last rate rises? this has been among all the major economies. the feds move today and the ecb and bank of england are likely to move as well. likely to move as well. certainly that is what likely to move as well. certainly that is what stock likely to move as well. certainly that is what stock markets - likely to move as well. certainly that is what stock markets in i that is what stock markets in financial markets are hoping for, expecting to see even today the major european stock market benchmarks up by nearly 1% of it is an expectation of that 0.25% increase today, the ninth and a bow from the european central bank may be one in september think the reason markets are looking for that cut is some of that pause and maybe future cuts next year is that the economic data is looking soft, there is still a danger of recession. the troubling detail is that although the headline inflation