Defense Sector Rally in Europe

Defense companies across Europe experienced a significant surge in their stock prices on Monday. This rally followed a crucial summit in the United Kingdom, where major European leaders convened to discuss the continent's military budget and the ongoing conflict in Ukraine.

Key Agreements and Plans

After a tense meeting between US President Donald Trump and Ukrainian President Volodymyr Zelensky, UK Prime Minister Keir Starmer announced a collaborative plan between London, Kiev, and Paris aimed at ending the war in eastern Europe. Zelensky highlighted the use of a £2.26 billion loan from the UK for armament production, while Starmer reaffirmed the UK's commitment to increasing its defense spending.

Stock Market Response

Notable stock movements included Rheinmetall's 10.93% surge and BAE Systems' impressive 16.42% jump. Leonardo, Saab, and Thales also saw their shares increase by over 10%, marking a positive day for the defense sector in Europe.