London on cusp of becoming biggest stock market in Europe, again https://ift.tt/yaRjnT8 stock market is poised to regain its position as Europe's largest equity market, surpassing Paris, due to a faltering rally in French luxury shares. The market capitalization of primary British listings now stands at $2.90 trillion compared to France's $2.93 trillion. This shift is driven by a slide in France's value amidst economic gloom in the Chinese market, while London is experiencing signs of investor bullishness for the first time in years. Factors contributing to the UK's positive outlook include a rally in oil prices, cooling inflation, and the potential for a weaker pound.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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