Defence stocks slip in Europe after Democrats' midterm sweep
Wed 09:44
BUZZ-Defence stocks slip in Europe after Democrats' midterm sweep ** Shares in European arms makers slip on Wednesday, after Democrats captured majorities in both the Senate and House in the US midterm election
** Democratic control of the House could bring military spending back under scrutiny
** Index of aerospace and defence companies .SXPARO is down around 0.9%, compared with benchmark STOXX 600 .STOXX rising 0.9%
** BAE Systems BAES.L is down around 5%, Chemring CHG.L, Avon Technologies AVON.L, also with high US exposure, are down between around 3% and 4%
** Hensoldt HAGG.DE, SAAB SAABb.ST, Rheinmetall RHMG.DE, Renk R3NK.DE slip 2.3%-4%
(Reporting by Anna Pruchnicka; Editing by Amanda Cooper)