Peace Rumors Hit Defense Stocks

European defense stocks plummeted this week amid rumors of a U.S.-Russia peace plan, potentially easing tensions in Ukraine and reducing demand for military gear. Major companies like BAE Systems, Thales, and Leonardo saw their stocks drop, reflecting investor concerns about reduced military spending. The lack of clear peace plan details has added to market uncertainty, while analysts remain divided on the long-term impact on the defense industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.