Market Cap of Europe's Largest Stock Exchanges Rose by $1.8trn After COVID-19 Crash

  • By ; Saber Mohamed

    The coronavirus outbreak has had an enormous impact on the global stock exchange market, causing significant volatility and sharp price falls. However, the last few months have witnessed a recovery, with the stock exchanges moving toward their pre-COVID-19 values.

    According to data gathered by ForexSchoolOnline.com, the market capitalization of Europe's largest stock exchanges stood at $14trn at the end of June, a $1.8trn increase after the COVID-19 crash.

    Euronext and London Stock Exchange Combined Market Cap Jumped by $929.5bn

    In December 2019, the combined market cap of Euronext, London Stock Exchange, Deutsche Börse, the Swiss Stock Exchange, NASDAQ Nordic and Baltic Exchanges, Moscow Exchange and Madrid Stock Exchange stood at $15.9trn, revealed Statista and World Federation of Exchanges data. After the Black Monday crash caused by the COVID-19 crisis, this value plunged to $12.1trn in the third week of March, an almost 20% drop in three months.

    In the next thirty days, Europe's seven largest stock exchanges grew by $879bn, reaching $13trn value. The increasing trend continued in the next two months, with the market cap rising by more than $1trn between April and June.

    Statistics show that Euronext, as the largest stock exchange in Europe, has witnessed a $616.8bn increase in market capitalization after COVID-19 crash, reaching $4.2trn value by the end of June.

    As the second-largest stock exchange market in Europe and seventh globally, London Stock Exchange hit $3.2trn market capitalization the same month, a $312.7bn increase since March. Statista data show the combined market cap of the two largest stock exchange markets in Europe jumped by $929.5bn between March and June.

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