European shares open higher, tracking advance in US stock futures
Trump back in the White House is seen as bullish for European defence stocks, given his warnings to scale back U.S. military support in the region and force NATO members to spend 2% or more of their GDP on defence
By Reuters | Updated:
Agencies
European defence stocks were among the top gainers on Wednesday after Republican Donald Trump claimed victory in the 2024 U.S. presidential contest.
An index of the region's aerospace and defence companies soared 3.3% to a fresh record high by 0835 GMT.
Trump back in the White House is seen as bullish for European defence stocks, given his warnings to scale back U.S. military support in the region and force NATO members to spend 2% or more of their GDP on defence.
Top gainers on the index were Germany's Hensoldt, Rolls-Royce and BAE Systems in the UK, Italy's Leonardo and Sweden's SAAB. Their shares rose between 2.7 and 8%. (Reporting by Danilo Masoni; Editing by Amanda Cooper)
An index of the region's aerospace and defence companies soared 3.3% to a fresh record high by 0835 GMT.
Trump back in the White House is seen as bullish for European defence stocks, given his warnings to scale back U.S. military support in the region and force NATO members to spend 2% or more of their GDP on defence.
Top gainers on the index were Germany's Hensoldt, Rolls-Royce and BAE Systems in the UK, Italy's Leonardo and Sweden's SAAB. Their shares rose between 2.7 and 8%. (Reporting by Danilo Masoni; Editing by Amanda Cooper)
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