Peace Rumors Hit Defense Stocks

European defense stocks plummeted this week amid rumors of a U.S.-Russia peace plan, sparking concerns about reduced military spending and demand for defense gear. Major companies like BAE Systems, Thales, and Leonardo saw stock price drops. While a peaceful resolution would be beneficial, it could also lead to a temporary defense sector downturn, as investors await more details on the potential agreement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.