Live Markets: Defence stocks lead Europe higher

RENK AG

13/08/2025 09:06

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DEFENCE STOCKS LEAD EUROPE HIGHER

European aerospace and defence stocks are leading broader markets higher on Wednesday, before Trump's summit with Russian leader Putin on Friday, as Washington seeks an end to the Russo-Ukraine war.

The STOXX Aerospace and Defence Index .SXPARO is up 1.2%, led by a near-3% rise in Rheinmetall RHMG.DE shares. Germany's RENK R3NK.DE, which makes gear boxes for tanks, is also up about 3%, after it reported above-expectations Q2 revenue.

That's pushed the STOXX 600 .STOXX up 0.5% so far today.

Breadth is positive, with advancers outpacing decliners by about 3:1.

Germany's DAX .GDAXI is up 0.6%, while the CAC .FCHI and FTSE .FTSE are up about 0.2%.

Europe's tech sector .SX8P is rebounding after falling to its lowest since May 2 on Tuesday.

Here's your opening snapshot:

(Samuel Indyk)

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