48 min ago
European Defense Stocks Trade Up on Expectations of Increased Military Spending
European defense stocks were trading up as investors bet on increased military spending across the continent.
Investors expect Germany to lead the way with a special defence spending budget that could go up to 200 billion euros ($210 billion), senior analyst at Swissquote Bank Ipek Ozkardeskaya wrote.
Rising military spending in Europe is becoming a major investment theme and is expected be complemented with massive spending in technology and industry, he added.
