Reported 3 days ago
European defense stocks saw significant gains on Monday, driven by increased military spending expectations as NATO allies emphasize the need to support Ukraine against potential Russian aggression. Companies like BAE Systems and Rheinmetall climbed over 7%, contributing to the Stoxx Europe 600 index's rise, which is on track for a new closing high. Meanwhile, U.S. markets remained subdued for Presidents Day, and global markets showed mixed reactions, with Japan's economy performing well but facing rising interest rates.
Source: YAHOO