Paris is challenging London’s lead as the home to Europe’s biggest stock market, eating away at Britain’s position after Brexit as the continent’s most important financial centre.
The market value of all the companies listed in the French capital has soared from $1.8tn at the start of 2016 to $2.83tn, closing in on the value of London shares at $2.89tn, according to Refinitiv.
“This gap between London and Paris in the domestic market is a lot smaller than it used to be or should be,” said William Wright, founder of New Financial, a UK think-tank.
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