Reported 3 days ago
Investors are selling European bonds and purchasing defense stocks ahead of a meeting in Paris among EU leaders, which is expected to indicate increased defense spending amid rising security concerns. The German 10-year yield rose while shares of defense companies like Rheinmetall AG and Saab AB surged. Analysts predict that Europe may need to spend an additional $3.1 trillion over ten years to enhance military capabilities, indicating a structural shift in defense policy. In light of these developments, the euro and bond yields have shown heightened volatility as the region braces for potential financial commitments.
Source: YAHOO