1049 GMT - European defense stocks including Rheinmetall, Rolls-Royce, Airbus, Thales, Safran and BAE Systems contributed to much of Wednesday's gains in European markets during the morning, says Joshua Mahony, Rostro's chief market analyst. These companies stood out within an otherwise flat start for European trade, he notes. The defense stocks were fueled by Russia's intensifying assault on Ukraine and U.S. President Trump's warning that Russian President Vladimir Putin was "playing with fire," he says. "Clearly the risk was growing that Trump will turn his back on peace talks if Russia continues to stall while they continue to push further into Ukrainian territory," he adds. Rheinmetall gains 1.75%, Rolls-Royce is up 1.3%, Airbus advances 1.6%, Thales rise 2%, Safran edges up 1.1% and BAE Systems gains 1%. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 06:49 ET (10:49 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.