The views expressed on this podcast are those of the participants, not Arroyd's news.

I would venture most of it is simply because the components of the U.S. indices are just

better, faster-growing companies.

It's not because they're listed in the U.S.

It's because they are those companies.

And if the listings were the opposite way around, all of the American companies happen

to be listed on European exchanges, I contend the valuation gap would be the other way around.

Companies are looking across the Atlantic in the hope of getting benefits from listing

on the New York exchanges. But this poses a problem for European exchanges

like Euronext and Deutsche Borsa that rely on big companies for fees. Can the rot be stopped?

And is there a way of replacing defectors? Stay tuned for this week's Viewsroom.

Welcome back to the Viewsroom, a podcast from Reuters breaking views where columnists from around the world talk about the big stories of the week. I'm your host, Amy Donovan, coming to you from London.

There is a mini exodus of companies switching their listings from Europe to the US. Some reckon they will get an advantage by being perceived as American

and gain juicy contracts from the government

born out of the Inflation Reduction Act.

So think infrastructure, highways,

others go in search of higher valuations.

So here to try and unpick this situation.

I have not one, but two Breaking Views editors. Liam Proud

and Lisa Yuka are Europe business editor. Liam, Lisa, you are very welcome back to the views room.

Thank you. Lovely to be views room. Thank you.

Lovely to be here today.

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