Tuesday saw increased European market prices as the region’s geopolitical unpredictability continues to be a major concern. At 1:34 PM London time, the pan-European Stoxx 600 was up about 0.4%, and all of the major bourses were up as well.
Polish defence equipment firm Lubawa jumped 9.3%, while German defence manufacturer Renk Group gained 7.4% as defence stocks, which reached a record high during Monday’s session, continued their upward trend. Hensoldt’s stock increased 3.4%, and QinetiQ in Britain increased 2.9%.
The preparation of U.S. officials for negotiations with Russia to end the crisis in Ukraine, which exclude officials in Kyiv and Europe, is likely to keep European markets focused on geopolitical tensions between the U.S. and Europe this week.
While they agreed to raise defence spending, European leaders at Monday’s emergency summit in Paris were divided on whether to send peacekeeping troops to Ukraine following any peace agreement. The gathering was organised to explore how to respond to the apparent decision to sideline Europe.
Source (CNBC)
