European Defense Stocks Climb After Israel Strike on Iran -- Market Talk
Dow Jones06-13
0724 GMT - European defense stocks trade higher after Israel's major attack on Iran's nuclear program and military leadership escalated tensions in the Middle East. Britain's BAE Systems rose 3.5% shortly after the opening bell, while Germany's Rheinmetall, Hensoldt and Renk Group all gain 2% or more. Italy's Leonardo rises 2.1%, Sweden's Saab trades 2% higher and France's Thales and Dassault Aviation are up 1.2% and 1.6%, respectively. Defense and energy stocks top the Stoxx Europe 600 gainers. "Oil and defense stocks will likely benefit from rising tensions, but the rest of the market should remain under pressure," Swissquote's Ipek Ozkardeskaya says in a market comment. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
June 13, 2025 03:24 ET (07:24 GMT)
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