European Defense Stocks Rise After NATO Chief's Positive Remarks on Military Spending Targets -- Market Talk

Dow Jones05-27

0911 GMT - European defense stocks are on the rise after Mark Rutte, secretary general of NATO, said Monday that he expects the alliance to agree to a broad defense spending target of 5% of GDP at NATO's summit in The Hague next month. Rutte was speaking at a meeting of the NATO Parliamentary Assembly in Dayton, Ohio. In Frankfurt, Rheinmetall climbs 2.2% at 18.82 euros, Hensoldt gains 3.4% at 84.7 euros, and Renk Group rises 1.9% at 73.19 euros. In London, QinetiQ jumps 4% to 4.85 pounds, BAE Systems is up 2.8% at 18.93 pounds, and Rolls-Royce advances 2.7% at 8.6 pounds. In Paris, Thales rises 1.8% at 266.6 euros, while Dassault Aviation gains 0.6% at 310.40 euros. In Rome, Leonardo is up 2.5% at 54.40 euros. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

May 27, 2025 05:11 ET (09:11 GMT)

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