Defense industry’s European shares were reinforced by US President Donald Trump’s latest statements about the war in Ukraine.
In contrast, the Pan -European Stoxx 600 index declines 0.5%, with most sectors losses, CNBC notes.
Defense sector shares resisted the fall, with Stoxx Europe Aerospace and Defense rose 1.1%.
The Swedish Saab is up 5%, the German Hensoldt Battle Charity Construction of the Hensoldt Battle Tanks is up 4.5%and the Swedish Defense Technology Company Mildef Group rose 3.4%.
Donald Trump said on Tuesday that Ukraine could recover its entire territory from Russia to a significant change of attitude.
“I believe that Ukraine, with the support of the European Union, is able to fight and win the whole Ukraine back in its original form,” the president said in a post on the Truth Social platform.
“With time, patience and financial support of Europe and, in particular, NATO, the original borders from which this war began, is a very likely choice,” he added.
Trump met with Ukraine President Volodimir Zelenski at the United Nations General Assembly in New York on Tuesday, where he also expressed his support for NATO members to shoot down any Russian aircraft violated their airspace.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.
