Germany’s Rheinmetall (RHE.DE) And UK’s BAE Systems (BAE.UK) Surge 13%
Shares of defense giants such as German Rheinmetall (RHE.DE), Norway’s Kongsberg Gruppen and the UK’s BAE Systems (BAE.UK) are the best performers on the European market today; the companies’ shares are up 13%, 12% and 14% respectively, reaching new historic highs. After Zelenskyy’s visit to the US, the markets are coming to the conclusion that the focus of taking responsibility for stabilizing Ukraine will shift to Europe, and the Old Continent will have to drastically increase defense spending – in any of the analyzed scenarios.
RHM.DE (D1 interval)
Rheinmetall shares opened today with a huge upward gap and are trading at new historic highs near €1150 per share. The company is Europe’s largest producer of 155mm cal. Artillery munitions.
Source: xStation5
The material on this page does not constitute financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other specific needs. All information provided, including opinions, market research, mathematical results and technical analyzes published on the Website or transmitted To you by other means, it is provided for information purposes only and should in no way be construed as an offer or solicitation for a transaction in any financial instrument, nor should the information provided be construed as advice of a legal or financial nature on which any investment decisions you make should be based exclusively To your level of understanding, investment objectives, financial situation, or other specific needs, any decision to act on the information published on the Website or sent to you by other means is entirely at your own risk if you In doubt or unsure about your understanding of a particular product, instrument, service or transaction, you should seek professional or legal advice before trading. Investing in CFDs carries a high level of risk, as they are leveraged products and have small movements Often the market can result in much larger movements in the value of your investment, and this can work against you or in your favor. Please ensure you fully understand the risks involved, taking into account investments objectives and level of experience, before trading and, if necessary, seek independent advice.
