Global exchanges' valuations on a 12-month forward P/E basis shows LSE is the most expensive stock embed code and instructions: https://reut.rs/2A82gO7 

The P.O.W.E.R. (People Organizing for Women's Empowerment & Rights) House in Montgomery, Alabama, U.S. May 19, 2019. Photo taken May 19, 2019. REUTERS/Michael Spooneybarger 

The Reproductive Health Services facility next to The P.O.W.E.R. (People Organizing for Women's Empowerment & Rights) House in Montgomery, Alabama, U.S. May 19, 2019. Photo taken May 19, 2019. REUTERS/Michael Spooneybarger 

The P.O.W.E.R. (People Organizing for Women's Empowerment & Rights) House in Montgomery, Alabama, U.S. May 19, 2019. Photo taken May 19, 2019. REUTERS/Michael Spooneybarger 

The P.O.W.E.R. (People Organizing for Women's Empowerment & Rights) House in Montgomery, Alabama, U.S. May 19, 2019. Photo taken May 19, 2019. REUTERS/Michael Spooneybarger 

E*TRADE financial Corporation (AMTD) CEO Paul T. Idzik speaks at the Sandler O'Neill + Partners, L.P. Global Exchange and Brokerage Conference in New York, June 3, 2015. REUTERS/Mike Segar 

E*TRADE financial Corporation (AMTD) CEO Paul T. Idzik speaks at the Sandler O'Neill + Partners, L.P. Global Exchange and Brokerage Conference in New York, June 3, 2015. REUTERS/Mike Segar 

Carlotta Ferlito of Italy attends a gymnastics training session at the O2 Arena before the start of the London 2012 Olympic Games July 26, 2012. REUTERS/Brian Snyder (BRITAIN - Tags: SPORT OLYMPICS SPORT GYMNASTICS) FOR BEST QUALITY IMAGE: ALSO SEE GF2E93P16SM01 

Steven Freiberg, CEO of E*TRADE Financial Corporation speaks during the Sandler O'Neill + Partners, L.P. global exchange and brokerage conference in New York June 7, 2012. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

Steven Freiberg, CEO of E*TRADE Financial Corporation speaks during the Sandler O'Neill + Partners, L.P. global exchange and brokerage conference in New York June 7, 2012. REUTERS/Lucas Jackson (UNITED STATES - Tags: BUSINESS) 

U.S. Secretary of the Department of Homeland Security Janet Napolitano (L) shakes hands with Mexico's Interior Minister Fernando Gomez Mont in Mexico City March 23, 2010. U.S. Secretary of State Hillary Clinton led a top-level U.S. delegation to Mexico on Tuesday for talks on a drug war which is failing to curb the deadly power of traffickers on the joint border. REUTERS/Eliana Aponte (MEXICO - Tags: POLITICS CRIME LAW SOCIETY) - GM1E63O0P5F01 

Britain's Prime Minister Gordon Brown attends an interview with Reuters during a flight from Brussels to London on February 11, 2010. Britain needs to keep supporting the economy for now and opposition claims that it could lose its triple-A credit rating are wrong and nothing more than talking down the country, Brown told Reuters. Photo taken February 11, 2010. REUTERS/Suzanne Plunkett (BRITAIN - Tags: POLITICS BUSINESS) FOR BEST QUALITY IMAGE SEE: GM1E62D1O2P01 

A demonstrator wearing mock bullets delivers a speech in front of the memorial of former Chilean President Salvador Allende during the 39th anniversary of his election, near La Moneda Presidential Palace in Santiago September 4, 2009. Allende won the presidential election in 1970, but was toppled by former Chilean dictator General Augusto Pinochet who led a bloody coup against the socialist government of Allende in 1973, ushering in 17 years of dictatorship. The banner reads, "The bullets aren't ours. They are of the G.O.P.E. (special police operation group)". REUTERS/Ivan Alvarado (CHILE POLITICS CONFLICT SOCIETY ANNIVERSARY) 

Members of the "Aqui" dance group perform in front of the memorial of former Chilean President Salvador Allende during the 39th anniversary of his election, near La Moneda Presidential Palace in Santiago September 4, 2009. Allende won the presidential election in 1970, but was toppled by former Chilean dictator General Augusto Pinochet who led a bloody coup against the socialist government of Allende in 1973, ushering in 17 years of dictatorship. The banner reads, "The bullets aren't ours. They are of the G.O.P.E. (special police operation group)". REUTERS/Ivan Alvarado (CHILE POLITICS CONFLICT SOCIETY ANNIVERSARY) 

A woman walks home carrying an umbrella near Minova in eastern Congo, February 12, 2009. REUTERS/Finbarr O'Reilly (DEMOCRATIC REPUBLIC OF CONGO) FOR BEST QUALITY also see: GF2E53P199001 

Women stand at the market in a camp for people displaced by fighting in Kiwanja, 70 km (45 miles) north of Goma in eastern Congo, November 22, 2008. Tutsi rebels staged a rally in a captured eastern Congolese town on Saturday in a show of strength and defiance after an offensive against government forces over the past month. REUTERS/Finbarr O'Reilly (DEMOCRATIC REPUBLIC OF CONGO) FOR BEST QUALITY also see: GF2E53P19LX01 

Moises Duenas Nevado of the Barloworld team (C) leaves the court house in Tarbes, near Pau, July 17, 2008. Duenas Nevado tested positive for the blood boosting drug erythropoietin (EPO) after the fourth stage of the Tour de France, the French anti-doping agency (AFLD) told Reuters on Wednesday July 16, 2008. REUTERS/Laurent Dard (FRANCE)
++ EDITORS NOTE THAT FRENCH LAW REQUIRES THAT FACES OF LAW ENFORCEMENT OFFICERS ARE MASKED IN PUBLICATIONS WITHIN FRANCE ++ 

A girl pours salt into a pile on flats being cultivated for the white crystals near the village of Ngaye-Ngaye, 10 kilometers (six miles) south of Senegal's northern town of Saint Louis, April 9, 2007. Some 3,000 people, mostly women, spend long hours under the blinding sun scraping up salt with sticks and their hands, earning the equivalent of a dollar or two per day. REUTERS/Finbarr O'Reilly (SENEGAL) For best quality see GF2E53P18KF01. 

A girl pours salt into a pile on flats being cultivated for the white crystals near the village of Ngaye-Ngaye, 10 kilometers (six miles) south of Senegal's northern town of Saint Louis, April 9, 2007. Some 3,000 people, mostly women, spend long hours under the blinding sun scraping up salt with sticks and their hands, earning the equivalent of a dollar or two per day. REUTERS/Finbarr O'Reilly (SENEGAL) FOR BEST QUALITY also see: GF2E53P18KF01 

Frosted trees are seen in the middle of vineyards in the Alsace region countryside near Strasbourg, France, January 11, 2006. REUTERS/Vincent Kessler Pictures of the Month January 2006 FOR BEST QUALITY IMAGE: ALSO SEE GM1E5CA1P4O01. 

Steven Page of the Canadian rock band The Bare Naked Ladies performs at E.P.C.O.T. Center during Disney's 50th anniversary celebration in Lake Buena Vista, Florida, May 5, 2005. REUTERS/Rick Fowler RF/HK 

Ed Robertson of the Canadian rock band The Bare Naked Ladies performs at E.P.C.O.T. Center during Disney's 50th anniversary celebration in Lake Buena Vista, Florida, May 5, 2005. REUTERS/Rick Fowler RF/HK 

Canadian rock band The Bare Naked Ladies perform at E.P.C.O.T. Center during Disney's 50th anniversary celebration in Lake Buena Vista, Florida, May 5, 2005. From (L-R) Steven Page, Tyler Stewart, Jim Creeggan and Ed Robertson. REUTERS/Rick Fowler RF 

Guests feet hang in the air during a preview of Soarin, a new attraction at E.P.C.O.T. Center during Disney's 50th anniversary celebration in Lake Buena Vista, Florida, May 5, 2005. Soarin gives a birds eye view of some of California's best scenics. REUTERS/Rick Fowler Pictures of the month May 2005 RF/HK 

The skyline of Dubai is seen in the background as horses gallop at the Godolphin race track in Dubai March 24, 2004. Trainers are preparing their horses for the world's richest race, the Dubai World Cup with a purse of $6,000,000 which will take place March 27th. REUTERS/Caren Firouz CJF/JV
Also see: GF2E42O0P6K01 

Horses gallop at sunrise at the Nad al Sheba race track in Dubai March 23, 2004. Trainers are preparing their horses for the world's richest race, the Dubai World Cup which will take place March 27th. REUTERS/Caren Firouz CJF/JV
Also see: GF2E42O0P8X01 

Jermaine Jackson, the brother of singer Michael Jackson (R), shakes hands with Executive Director of Project Islamic H.O.P.E. (Helping Oppressed People Everywhere) Najee Ali following a news conference outside the Jackson family compound in Encino, California January 12, 2004. Using the Jackson family Los Angeles residence as a backdrop for the television cameras, Michael Jackson's family and friends said Monday they will bus hundreds of fans to Jackson's arraignment on child molestation charges to show support for the pop super-star. Organizers called the convoy a "caravan of love," and said buses will leave for Santa Barbara County for Friday's arraignment, departing from Los Angeles and other Southern California locations. REUTERS/Jim Ruymen JR/JDP 

Executive Director of Project Islamic H.O.P.E. Najee Ali speaks with reporters during a news conference outside the Jackson family compound in Encino, California January 12, 2004. Lee McClellan, head of Michael Jackson's 1993-96 security is at left. REUTERS/Jim Ruymen JR/JDP 

The Microsoft Corporation announced on November 10, 2003 the exclusive
availability of the Samsung SCH-i600 Smartphone with Microsoft Windows
Mobile software from Verizon Wireless. The i600 is an integrated device
that allows customers to access e-mails, multimedia, the internet and
games with an advanced 65,000-color display. The i600 also features an
SDI/O Expansion Slot for memory expansion. REUTERS/Anthony P.
Bolante/HO/Microsoft

APB 

School volunteer Lisa Aydelott (R) helps student Jared O'Brien (L), 11, of Clover Valley Elementary school in Oak Harbor tie-off a "Welcome Home VQ-1" sign on the school fence near Naval Air Station Whidbey Island, Washington, April 13, 2001. The Oak Harbor community is planning a big homecoming celebration for the 24 crewmembers of the EP-3E spy plane from VQ-1 Squadron that collided with the Chinese military jet on April 1 and is returning home on April 14 after 11 days of captivity on Hainan, China and two days of military debriefings in Hawaii. REUTERS/Anthony P.

APB 

U.S. Treasury Secretary Paul O'Neill (C) and Under Treasury Secretary designate John Taylor (R) chat before their bilateral meeting with Chinese Finance Minister Xiang Huaicheng (not pictured) during the Asian Development Bank (ADB) conference at the Hawaii Convention Center in Honolulu, May 10, 2001. The closed-door meeting involved the highest ranking officials from the two countries since the April 1, 2001 midair collision between the U.S. Navy EP-3E spyplane and the Chinese military interceptor jet. REUTERS/Anthony P.

APB/ME 

Chinese Finance Minister Xiang Huaicheng (L) and Deputy Finance Minister Jin Li Qun (R) arrive for a bilateral meeting with U.S. Treasury Secretary Paul O'Neill during the Asian Development Bank (ADB) conference at the Hawaii Convention Center in Honolulu, May 10, 2001. The closed-door meeting involved the highest ranking officials from the two countries since the April 1, 2001 midair collision between the U.S. Navy EP-3E spyplane and the Chinese military interceptor jet. REUTERS/Anthony P.

APB/ME