Europe's defence stocks regain ground after Trump-Zelenskiy meeting

RENK AG

20/10/2025 11:22

** Shares in European arms makers rise on Monday, recovering some of their Friday's losses, after U.S. President Donald Trump's meeting with Ukraine's Volodymyr Zelenskiy

** Trump urged Zelenskiy to make concessions to Russia during the tense meeting, two people briefed on the discussion said

** "The outcome of this meeting reinforces our view that the conflict is still some way from finding a resolution, and that with U.S. military support less likely, Europe's rearmament is critical," Jefferies analysts say in a note

** An index of aerospace and defence companies .SXPARO is up 2.3% at 1011 GMT, following a 3.6% fall on Friday ahead of the meeting

** Germany's Hensoldt HAGG.DE, Rheinmetall RHMG.DE and Renk R3NK.DE lead gains, rising between 5% and 7%

** Sweden's SAAB SAABb.ST rises some 3%

** Italy's Leonardo LDOF.MI and France's Thales TCFP.PA, also rise around 3% each, after two sources said the companies and Airbus AIR.PA reached a framework deal on satellite merger

 (Reporting by Anna Pruchnicka)

 ((anna.pruchnicka@tr.com))