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London is no longer the financial centre of Europe. The bankers fled to Paris for a better life.
🎞️ · 17.11.2022 · 13:53:46 ··· Donnerstag ⭐ 0 🎬 0
📺 Easy Money
🎬 · 17.11.2022 · 13:53:46 ··· Donnerstag
😎 · 03.07.2024 · 15:40:29 ··· MiTTwoch
London for the first time since 2003 gave way to the largest European stock market to the French capital, writes The Independent. In many ways, this was influenced by investors' fears about the economic situation in Britain, the fall of the pound against the dollar and the consequences of Brexit.
According to Bloomberg, the total value of shares traded on the Paris stock exchange on November 14 was $2.823 trillion, and on the London stock exchange - $2.821 trillion. One of the reasons for the narrowing of the gap between the two exchanges was the lifting of covid restrictions by China - now investors are predicting an increase in demand for French luxury goods among Chinese buyers.
Earlier, the FTSE 250 index, which includes data on shares of small and medium British companies, fell by 17%. By the fourth week of Liz Truss' premiership, the stock markets had collectively lost about $500 billion. Truss' successor Rishi Sunak is now trying to revive Britain's economy with tax hikes and spending cuts, but experts fear this will exacerbate an already severe cost-of-living crisis.
· 17.11.2022 · 13:53:46 ··· Donnerstag
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