Five charts to start your day

London's stock market to take European mantle from Paris

This is silly. London and Paris are not rivals. They are business partners, and they have been for a very long time. The Eurotunnel was a godsend. When I was at HSBC, we could catch the train to meet our colleagues in Paris for a meeting and be back home in time for dinner.

So take this first chart with a massive pinch of salt. This chart is for the politicians and the uneducated to gloat or complain about. The structure of London’s stock market is very different to the one Paris has.

While Paris benefitted from a luxury boom post pandemic, London’s stock market has been struggling for international relevance in a disastrous post-Brexit world. Now the post pandemic boom is waning and London is adapting the the unnecessary frictions of Brexit, there is a bit of a return to normal.

1. London could be about to overtake Paris

Source: Bloomberg News

If you like this story, then you might be interested in the next chart: why UK equites are considered the world’s cheapest? If you’re interested, consider becoming a paid subscriber. For the cost of two cups of coffee, you get a whole month’s access to all five charts in this daily newsletter.

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