PREVIEW

Britain Overtakes France to Reclaim Stock Market Crown. The overall value of listings on the London Stock Exchange (LSE) reached $3.18 trillion on June 17, BBC reports. That number surpassed the $3.13 trillion value of companies listed in France, according to Bloomberg data. While both valuations have fluctuated since June 17, they remain close. Analysts consider the development to be a milestone, BBC reports. The French market has dipped due to uncertainty surrounding France's election, analysts say. Earlier this month, French President Emmanuel Macron called a snap election following the National Rally's victory in the European elections. Susannah Streeter, head of Hargreaves Lansdown's money and markets, said that the right-wing party's manifesto supports "unfunded spending". "They are not so focused about winning over the market," she said. In 2016, the LSE was worth nearly $1.4 trillion more than its French rival. It held its position as Europe's largest stock market for several years before being overtaken in November 2022. THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT