Study: USA depend on the European stock exchange – boom in tech companies
The New York Statue of Liberty. New York is the stock exchange metropolis of the United States. pexels.com
FRANKFURT (dpa-AFX) – Driven by the soaring tech giants, US companies have expanded their dominance on the stock exchanges. Among the 100 most valuable listed companies in the world are 61 from the USA alone, three more than in the previous year, as a new study by the consulting firm EY shows. No European companies are represented in the top ten and only two that are not based in the USA – the oil company Saudi Aramco
While the weights are shifting towards the USA, German companies are being left behind, as the study published on Wednesday shows. A long-term trend has thus intensified. China also lost ground with 11 companies in the top 100 (previous year: 16).
The undisputed top of the ranking is Apple (Apple share)
“The importance of Europe on the world stock exchanges is shrinking,” said Henrik Ahlers, Chairman of the EY Management Board. The digitalization boost triggered by the pandemic will primarily benefit technology companies – and most of them come from the USA. Established car, pharmaceutical and raw materials groups play a major role in Europe.
Before the global financial crisis at the end of 2007, 46 of the 100 most valuable companies in the world came from Europe, according to the study. Now there are 16. Germany’s weight in particular has decreased: While seven companies from Germany were among the top 100 at the end of 2007, there are now only two: SAP (SAP share)
This picture says little about the strengths of local companies, says Ahlers. In fact, Germany has many medium-sized world market leaders and also world-class unlisted corporations such as Lidl and Aldi or the automotive supplier Bosch. However, the fact is apparently that investors trust companies from other sectors and countries with much better growth prospects.
After all, there are success stories like those of the Mainz vaccine manufacturer Biontech
|Short-term position in Alphabet A|
|with moderate leverage|
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