Shares in European defence companies rallied on Monday as European leaders met to discuss Ukraine and regional security. Italy's Leonardo showed gains of around 5.27% in daily trading as of around 11am CET, while shares in Germany's Rheinmetall were up 7.83%. Germany's Hensoldt was up 9.81%, Sweden's Saab recorded a 10.34% gain, while France's Thales saw an increase of 4.72%. Increased investor interest comes as European leaders are working on a new defence package to support Kyiv, although details have not yet been announced. European defence stocks surge as region's leaders plan spending boost It looks like European countries are finally starting to pull their weight in military spending.
They have some decent weapons, but they do NOT have the manufacturing capacity to make the number of weapons fast enough... and where are they getting the energy/power to run these newly maxed out factories? Something tells me Russia will not sell then the LNG at a fair price... if at all. Are they going to fire up the coal plants? EU has quite the conundrum. We should price-gouge them for our LNG for all those decades of ripping us off. That will not happen, obviously. But fair trade will rule the day, and that means for all of our products. That part must be part of that new trade deal.
