Rheinmetall rallies amid Venezuela-driven defense optimism

15 days ago

Khloe Mele

"Well, all of them really are in the green this morning. So, we're seeing Ryan Metal in particular up quite strongly, but names like Hansel uh also in Germany and then Leonardo in Italy, Saab in Sweden. All of them are are moving higher this morning. And that's of course on the back of this situation in Venezuela. We've got heightened geopolitical tensions that tend to kind of push investors towards those defense stocks. And given how much uncertainty there is around this particular situation with questions about what's coming next and what it really means for US foreign policy going forward as well, it's really not surprising to see those really significant uh moves across that defense sector. We're talking about a move of as much as 7% for Ryan Mattel this morning."

The commentary highlights a strong rally in European defense stocks, with a particular focus on Rheinmetall, which reportedly surged by as much as 7% this morning. The rise is attributed to heightened geopolitical tensions stemming from the situation in Venezuela and uncertainties around US foreign policy, suggesting increased defense spending and strategic shifts in Europe.

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