European Defense Stocks Rise on Middle East Escalation Fears -- Market Talk

Dow Jones
01 Oct 2024

1453 GMT -- Shares in European defense companies rose after a senior White House official said Iran is preparing to launch a ballistic missile attack on Israel, in a potential escalation of the conflict in the Middle East. Germany's Rheinmetall rose 4.85% to 509 euros in late afternoon trading, while Sweden's Saab jumped 3.8% to 224 Swedish kronor, and Britain's BAE Systems rose by 2.4% to 12.68 pounds. Shares in Norway's Kongsberg Gruppen are trading 3.1% higher, while shares in German arms maker Hensoldt are up 1.9% at 30 euros. (cristina.gallardo@wsj.com)

 

(END) Dow Jones Newswires

October 01, 2024 10:54 ET (14:54 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10