Best of the financial columnists
Dec 10, 2021
3 minutes
Is the City heading for extinction?
Paul Marshall
Financial Times
The UK stockmarket is becoming a “backwater”, says Paul Marshall. The US and China do benefit from more “expansive hinterlands”, with leadership in so many of the industries driving stockmarket performance, from renewables to artificial intelligence. But beyond these advantages, the US boasts far higher trading volumes and valuations than any of its international peers. Tesla alone trades $21bn aday compared with total trade of just $6.1bn on the London Stock
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