European defence stocks at over 2-month low on new Ukraine peace drive

RENK AG

19/11/2025 13:35

** Shares in European arms makers move lower on Wednesday, pausing their YTD rally; broad aerospace and defence .SXPARO index falls 2.5% to its lowest since early September

** Traders cite a Politico report about framework Ukraine deal, amid signals of a new U.S.-led drive to revive peace talks between Russia and Ukraine

** A U.S. delegation led by Army Secretary Dan Driscoll is in Kyiv on a "fact-finding mission", the U.S. embassy in Kyiv said

** A senior Ukrainian official told Reuters that Kyiv had received "signals" about a set of U.S. proposals to end the war that Washington has discussed with Russia

** Leopard 2 tanks maker Rheinmetall RHMG.DE falls 6%

** BAE Systems BAES.L, Renk R3NK.DE, Leonardo LDOF.MI, Saab SAABb.ST, Hensoldt HAGG.DE slide between 4% and 5%

 (Reporting by Danilo Masoni, Anna Pruchnicka)

 ((anna.pruchnicka@tr.com))