Jin10 data August 18 news, as the overall market plummets, most European defense stocks rise against the trend. Earlier, European leaders pledged to continue supporting Ukraine after the summit between Trump and Putin in Alaska. Rheinmetall of Germany rose by 3%, while the smaller Renk and Hensoldt rose by 2.6% and 2.2%, respectively. Sweden's Saab surged by 3.8%, Italy's Leonardo rose by 3.2%, and the UK's BAE Systems increased by 1.6%. Holger Schmieding of Berenberg stated in a research report: "Europe will have to invest more in its own defense. Trump seems inclined to reduce or even end U.S. support for Ukraine."
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European military stocks pump, Trump may cut aid to Ukraine
Jin10 data August 18 news, as the overall market plummets, most European defense stocks rise against the trend. Earlier, European leaders pledged to continue supporting Ukraine after the summit between Trump and Putin in Alaska. Rheinmetall of Germany rose by 3%, while the smaller Renk and Hensoldt rose by 2.6% and 2.2%, respectively. Sweden's Saab surged by 3.8%, Italy's Leonardo rose by 3.2%, and the UK's BAE Systems increased by 1.6%. Holger Schmieding of Berenberg stated in a research report: "Europe will have to invest more in its own defense. Trump seems inclined to reduce or even end U.S. support for Ukraine."