European defence stocks are experiencing significant increases as President Trump's shifts in policies towards Ukraine lead to uncertainty regarding US support. This prompts European leaders to boost defence expenditures, aiming to enhance their independence in security matters. While top European firms like Rheinmetall and Hensoldt observe huge gains, the US S&P 500 sees a decline. European Commission President Ursula von der Leyen has proposed an ambitious plan to mobilize up to 800 billion euros for defence in response to changing geopolitical dynamics and calls for rearmament in Europe.
"With Trump's outreach to Russia and his suspension of military aid to Ukraine raising doubt about US commitment to Europe's security, European leaders are racing to ramp up defence spending."
"European Commission President Ursula von der Leyen announced plans to mobilise up to 800 billion euros ($854bn) in new defence spending over four years, marking an era of rearmament."
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