![Paris loses stock market crown to London as political upheaval looms](https://media.cnn.com/api/v1/images/stellar/prod/gettyimages-1695305931.jpg?c=16x9&q=w_800,c_fill)
Paris loses stock market crown to London as political upheaval looms
CNN
London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections.
London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections. All stocks listed in France are now worth about $3.13 trillion in total, compared with $3.18 trillion for all shares listed in the United Kingdom, Bloomberg reported Monday, based on the data it had compiled. On Tuesday, the CAC All-Share index in Paris was still marginally bigger than London’s FTSE equivalent, but the latter only accounts for 98% of the market value of UK-listed shares. London’s comeback as Europe’s biggest equity market is “mostly” the result of French President Emmanuel Macron calling snap elections for June 9 after his party was trounced by the French far right in a vote for European Union lawmakers, according to Axel Rudolph, a senior market analyst at trading platform IG Group. “Financial markets don’t like uncertainty, and the fact that you’ve had such a shift to the right in the French European elections has led people to worry (about what comes next),” he told CNN. Since June 9, the CAC 40 of leading French stocks has shed more than 5% of its value — equivalent to $160 billion — as investors ponder the prospect of the far-right National Rally playing a much bigger role in the parliament of Europe’s second-largest economy.
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Have you heard the one about the $18 Big Mac? How prices have gotten so out of whack with reality that McDonald’s is now charging as much as TK for a hamburger? It was a symbol of out-of-control corporate greed and price hikes that finally got consumers to say “no” – a revolt that has successfully gotten stores to rethink their sky-high price tags.