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European Defense Stocks Plunge After Trump-Zelensky-EU Meeting Boosts Market Confidence

PRAVDA Tuesday, 19 August 2025 ()
European defense companies’ shares tumbled as investors reacted positively to the US-Ukraine-EU summit, signaling optimism about security assurances and reduced immediate demand for arms. Defense Stocks Drop Across Europe On Tuesday afternoon trading, major European defense companies posted sharp declines, standing in contrast to broader market gains. According to CNBC data: German tank component manufacturer Renk fell 6.97% to €57.8 on Deutsche Börse Xetra. Italian defense giant Leonardo dropped 7.28% to €45.72 on Euronext Milan. Swedish aerospace and defense company Saab slid 6.27% to 499.4 SEK on the Stockholm Stock Exchange. German arms producer Rheinmetall lost 4.4%, trading at €1575.5 on Deutsche Börse Xetra. French aerospace group Dassault Aviation declined 3.02% to €269.4 on Euronext Paris. In contrast, the European STOXX 600 index gained 0.51%, reaching 556.82 points, showing that defense stocks were moving against the general market trend.
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