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 combined dollar-based market capitalization of primary British listings stands now at $2.90 trillion versus France’s $2.93 trillion, according to an index compiled by Bloomberg.
Alpha Group International PLC - London-based investor - Founder & Chief Executive Officer Morgan Tillbrook sells 789,476 shares at a price of GBP19.00 each via a secondary placing, worth GBP15.0.
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