Shares in EU defence companies fall amid US pressure over war in Ukraine – Reuters [Yahoo! Finance]
RHEINMETALL AG UNSP/ADR (RNMBY)
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Source: Yahoo! Finance
from the United States aimed at ending the war between Russia and Ukraine, which also contributed to a rise in the value of Ukrainian government bonds. Source: Reuters Details: The STOXX Europe Total Market Aerospace & Defense Index dropped to its lowest level since early September and was down 2.6% by 13:22 GMT, marking its biggest one-day fall in over a month. Shares in Rheinmetall, Renk, BAE Systems, Leonardo and Saab were among the biggest losers on the broadly stable pan-European STOXX index, with declines ranging from 4% to 7%. Two Reuters sources pointed to a Politico article about a framework agreement on Ukraine as the reason for the drop. Ukraine has received signals about a number of US proposals on ending the war, which Washington discussed with Russia, a senior Ukrainian official told Reuters on Wednesday. Background: The White House has expressed optimistic expectations of agreeing a framework for ending the war in Ukraine by the end of the month, although
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