Ripple effects expected as transatlantic tensions cause European defence stocks to surge - London Business News | Londonlovesbusiness.com
Briefly

European defence stocks experienced significant growth, especially with BAE Systems and Rheinmetall seeing increases of 9% and 14% respectively. The surge is attributed to heightened tensions relating to the Russo-Ukrainian war and calls for European nations to bolster military funding. Leaders suggest long-term budget increases possibly exceeding 3% of GDP. This trend is expected to influence American defence stocks as well, and could benefit other industries like aerospace and energy depending on geopolitical developments, including the potential for reconstruction opportunities in Ukraine post-conflict.
Yesterday, European defence stocks surged off the back of escalating transatlantic tensions relating to the Russo-Ukrainian war.
Investors are betting big on increased defence spending as tensions rise across the Atlantic and NATO leaders discuss their next moves.
Read at London Business News | Londonlovesbusiness.com
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