Shares of defense giants such as German Rheinmetall (RHE.DE), Norway's Kongsberg Gruppen and the UK's BAE Systems (BAE.UK) are the best performers on the European market today; the companies' shares are up 13%, 12% and 14% respectively, reaching new historic highs. After Zelenskyy's visit to the US, the markets are coming to the conclusion that the focus of taking responsibility for stabilizing Ukraine will shift to Europe, and the Old Continent will have to drastically increase defense spending - in any of the analyzed scenarios.
RHM.DE (D1 interval)
Rheinmetall shares opened today with a huge upward gap and are trading at new historic highs near €1150 per share. The company is Europe's largest producer of 155mm cal. Artillery munitions.
Source: xStation5
Record after record: Micron smashes Q4 results, server overload crashes website, stock surges post-market
📊Daily Summary: PCE inflation slowdown brings relief to Wall Street, but oil continues gains despite return of supply
US OPEN: Lower Core PCE inflation gives relief to Wall Street, markets rise after GDP revision
PCE cools October rate hike expectations, as stocks surge into quarter-end
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.