Geopolitical Risks Surge, European Defense Stocks Rally Again
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By:格隆汇
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Glonghui News, January 7 — As global geopolitical risks intensify, the stock prices of European defense companies have soared once again. France and the United Kingdom have pledged to establish military hubs in Ukraine following a peace agreement, while the United States’ increasingly provocative stance on the Greenland issue has drawn attention to European defense budgets. Defense electronics supplier Thales saw the largest gains in the sector, rising by 5.6%. Another technology-oriented defense firm, Indra, increased by 4.9%, while Italy’s Leonardo climbed 3.9%. Deutsche Bank analyst Scott Duhil wrote that the growing application of electronics on the battlefield is boosting defense technology companies.
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