Europe has eclipsed the US in stock market value for the first time since the first world war in another sign of the slipping of the global dominance of American capital markets. Europeâs 24 stockmarkets, including Russia and emerging Europe, saw their capitalisation rise to $15,720bn (â¬11,819bn) at the end of last week, according to Thomson Financial data. That exceeded the $15,640bn market value of the US. (From FT, the only paper I read) ____________________________________________________ This is an interesting read for all those who are still trying to sling it out with Penny Spreads in US equities and Options. The Euro and Asia Markets have started to give the US markets a run for their money. What could this mean? Foriegn capaital flowing out of US makets into the others, not 100% out flow, but enough.