European Defense Stocks Surge
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higher European defense spendingMarketWatch
•World
World
European defense stocks hit record and government bond prices fall on bets of more military spending
81% Informative
The STOXX Europe 600 index rose 0.3% to flirt with record intraday highs on Monday .
NATO Secretary General Mark Rutte said NATO members will have to spend “considerably more than 3% ” of their GDP on defense.
The target for NATO member’s spending is currently 2% of GDP, though U.S. President Trump has said that allies should commit to 5% .
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