• Tue, Mar 3, 2026|
  • JKT --:--
  • TKY --:--
  • HK --:--
  • NY --:--

Market & Economic Intelligence Platform Insight on Macro, Commodities, Equities & Policy

18 February 2025 01:07  |

Defense Stocks Power European Markets to Latest Record Closing High; Saab Soars 16%

European stocks closed higher on Monday as a number of defense stocks soared.

The pan-European Stoxx 600 ended the session with a 0.54% gain, bouncing back from a slight decline Friday to mark another all-time closing high of 555.42 points. Last week saw the regional index close at successive new records.

The index was lifted by a 4.2% uptick in the Stoxx 600 Aerospace and Defense index, as European leaders came together to discuss regional defense efforts and appearing willing to pledge more spending for the sector.

Germany’s Renk Group and Rheinmetall were 17.5% and 14% higher respectively, as Swedish defense manufacturer Saab gained more than 16%. Meanwhile, the U.K.’s BAE System rose 9%, it’s best day since July 3, 2022, according to FactSet data.

Source : CNBC

 

Related News

MARKET UPDATE

Asian Stocks Down, Focus on Korea, Middle East

Asian stocks started the week on a weak note, as investors grappled with South Korea’s political turmoil and awaited fresh ...

9 December 2024 07:43
MARKET UPDATE

Asian Stocks Rise Following U.S., China Set to Reopen

Asian stocks rose as traders navigated their way through the U.S.-China trade war and earnings from Wall Street’s big tech ...

5 February 2025 07:24
MARKET UPDATE

European markets close higher Oil and gas stocks retreat

European markets closed higher Monday, gaining ground through the afternoon as investors reviewed the geopolitical situation ...

29 October 2024 11:01
MARKET UPDATE

European Markets Set to Open Lower Ahead of European Growth...

European markets are heading for a negative open on Wednesday as investors await the latest growth data from the region, the ...

30 October 2024 13:24
BIAS23.com NM23 Ai