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Europe tops U.S. in stock market value

By Dina Hampton

April 3, 2007 1:38 pm ET

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.

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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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