London Reclaims Top European Stock Market Title as Paris Slumps on Luxury Slowdown
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London Stock Exchange regained top spot among Europe's biggest markets due to rising oil prices lifting commodity stocks.
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Paris stock exchange lost nearly $270 billion in value from April peak, reducing total sum.
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Luxury stocks like LVMH and L'Oreal make up large share of French index and are down on slowdown fears.
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Analysts cited predict slowdown in luxury demand in China and Europe could extend French downward trend.
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Unclear if London can retain lead given major IPOs moving to New York and uncertain UK economic outlook.