European corporations are drawn to New York for their stock exchange listing. This can be advantageous for investors, because higher stock valuations are tempting on Wall Street.
Investors in the Euro Stoxx 50 recently enjoyed a rare event: one of the 50 blue-chip stocks from the eurozone included in the index gained eleven percent at the start of trading. The price jump at Cement Roadstone Holding (CRH), the world’s largest building materials group based in the Irish capital Dublin, was observed. In the Euro Stoxx 50, the share, which has so far been traded primarily on the London Stock Exchange, has a weight of around 1.1 percent, which is about as important as Volkswagen, measured against the VW preferred shares contained in the Dax.
Source: Stern
