European markets beat U.S. in value first time since World War I

European markets beat U.S. in value first time since World War I
# 03 April 2007 15:56 (UTC +04:00)
A report in the Financial Times says European stock exchanges have beaten those in the United States in value for the first time since World War One. The newspaper says this is a sign of the slipping global dominance of U.S. markets.
The FT quotes data from Thompson Financial as showing that 24 European markets, including those in Russia and emerging eastern countries, were worth $15.72 billion at the end of last week, compared with $15.64 billion in the U.S. markets.
The paper said European markets had closed a long-standing gap with the US due to a rise in value of the euro, the growth of eastern European markets and the improved profitability of European companies.
Since 2003, European stocks appreciated 160% and the U.S. market 70.5%. during this period the euro climbed 26% against the dollar. /APA-Economics/

Politics

#
#

THE OPERATION IS BEING PERFORMED