Paris stock market overtakes London

Brexits clearly a sh*tshow but let's not forget the tories have been doing austerity long before the referendum. Their raison detre is to transfer wealth away from the majority of the country and into the hands of the wealthiest. If Brexit had somehow been an economic masterpiece and we really did hold all the cards and have more advantageous trade deals everywhere, and loads of GDP growth etc, the tories would still be using that as a justification to cut public spending, and to move taxation from rich to poor.
 
Johnny Vincents Motorbike said:
Thats what the leave and taking back controllers voted for.

they knew what they were doing when they exercised their patriotic right - democracy, it isn't all Greek to them folks.

hardship means hardship - inflation means inflation - austerity means austerity - hell in a handcart means hell in a handcart - no flys on me means no flys on me - you lost means..........
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.......get over it.

All remainers fault anyway. If people hadn't called leave voters thick for voting for something so fundamentally stupid, then they'd never have had to vote for the stupid thing (or subsequently for the proven liar promising unicorns) in the first place 🤯
 
If the relevant stock market measure is the top 100 shares the value of the markets have been affected not just by the UK leaving the EU, but by the nature of the companies that make up the indicies. The UK FTSE100 has a lot of banking type companies and oil/gas companies, sectors that say over the the last 10 years have struggled a bit. I am not an expert on French listed companies, but I tend to think about consumer goods and luxury goods companies like L'Oriel and LMVH.

The drop in the value of the £ would have had an effect too, but people could say it has weakened against the Euro, purely because of Brexit. For many years it seemed over valued against the Euro and seems to be at a realistic level now.

Internationally the UK market had been seen as cheap for a while now. The main European markets are not seen as radically different. There is more political instability in the UK which is a negative. Based on size and history I would expect the UK and France to have very similar size stock markets.

The US market is one that has done particularly well, because it has a lot of tech companies (Apple, Google, Amazon, Meta, Tesla, Microsoft, Netflix). Other attactive markets are some of the Asian markets such as South Korea, Singapore, even Vietnam.
 
Unravel_Morrison said:
2008 isn't a great year to compare against; it started at 1.36 and ended at about 1.03.
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Yes it is. The Sterling collapse against the Euro started mid 2007 c1.47, had reached 1.25 a year later, before collapsing briefly at year end to just above parity for a week or so, reaching 1.13 again back in Jan 09. Since then fit a line to the rate since then and it would be flat.
 
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