European Defense Stocks Slide as U.S.-Iran Peace Hopes Grow -- Market Talk

Dow Jones04-21

1027 GMT - European aerospace and defense stocks slide as hopes for successful peace talks between the U.S. and Iran grow. "Investors are feeling cautiously optimistic towards the potential for further negotiations," Interactive Investor's Victoria Scholar writes. A basket of aerospace and defense stocks is down 2%, making it the sharpest falling sector in Europe. Thales shares drop 4.8% even after the French defense group logged a surge in defense orders. Safran and Leonardo both fall around 2.6% after a broker downgrade for both stocks. In London, Rolls-Royce and BAE Systems fall 2.5% and 2%, respectively, while Swedish defense group Saab slipped 2%. (josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

April 21, 2026 06:28 ET (10:28 GMT)

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