European defence stocks move up after Trump's Ukraine comments

RENK AG

24/09/2025 08:23

Sept 24 (Reuters) - Shares in European arms makers moved higher on Wednesday after U.S. President Donald Trump, in a  rhetorical shift, said on he believed Ukraine could retake all its land occupied by Russia.

An index of aerospace and defence companies .SXPARO was up 0.8% at 0717 GMT, hovering near its record highs and outperforming region-wide STOXX 600 .STOXX, which was down 0.45%

Sweden's Saab SAABb.ST was up around 4%, also buoyed by a local media report that Germany was open to buying its surveillance aircraft Global Eye.

Hensoldt HAGG.DE, which provides sensor systems for the Eurofighter, was up 4%, while Renk R3NK.DE and Italy's Leonardo LDOF.MI both rose around 2%.

France's Thales TCFP.PA and Dassault Aviation AM.PA were up between 1% and 1.6% each.

(Reporting by Anna Pruchnicka; editing by Dhara Ranasinghe )

((anna.pruchnicka@thomsonreuters.com; +48 58 769 65 14;))