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Europe tops U.S. in stock market value

By Dina Hampton
April 3, 2007, 1:38 PM EST
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The U.S. has fallen behind Europe in stock market value for the first time since World War I, according to Thomson Financial data, reported the Financial Times.

Europe’s stock markets markets were valued at $15,720 billion at the end of last week as opposed to the $15,640 value of U.S. markets.

European shares have outperformed the U.S., with their market capitalization rising 160% since the start of 2003 in dollar terms, according to Thomson Financial.

That compared with a 70.5% rise for the U.S. stock market.

Over that time the euro has risen 26 per cent against the dollar.



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