German defence stocks rise ahead of Germany's approval for military purchases

RENK AG

17/12/2025 08:53

** German defence companies rise after a Financial Times report said Germany's parliament is set to approve more than 50 billion euros ($58.53 billion) in military purchases on Wednesday

** "Not really surprising but might act sentiment positive and so slightly positive," a local trader says

** Rheinmetall RHMG.DE, Hensoldt HAGG.DE and Renk R3NK.DE are up between 2.7% and 4%

** Rheinmetall and Renk sit at the top of their respective indices: Germany's blue-chip .GDAXI and mid-cap .MDAXI

($1 = 0.8543 euros)

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))