Defense companies were thriving as Western nations armed Kiev and boosted their own industries citing an alleged threat from Russia
European military stocks have tumbled, defying broader positive market sentiment, as traders assessed the White House meeting that brought fresh hope for a Ukraine peace deal.
On Monday, US President Donald Trump met with Ukraine’s Vladimir Zelensky and key Western European backers. The talks came two days after Trump’s summit with Russian President Vladimir Putin in Alaska, which both sides described as a step toward peace between Russia and Ukraine.
The STOXX Europe Total Market Aerospace & Defense Index fell…
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