The rally was led by German arms manufacturer Rheinmetall, which jumped 14% in Frankfurt, while UK-based BAE Systems soared 16% in London and Italy’s Leonardo climbed 10% in Milan. Rolls Royce was up 5.7%. The stock surge followed reports that Germany ...

Shares in BAE Systems, Rheinmetall and Leonardo all added to strong gains this year on Monday amid expectations of rising European defense spending.

Yet leaders who gathered in London on Sunday have a consolation of sorts: the pressure to rapidly rearm gives them cover to hike taxes.

Europe's rush to boost funding for military spending has sent defence stocks on a tear, though investors are now wondering how much more they're willing to pay for exposure to the region's biggest rearmament buildup since World War Two.

Shares in Germany's Rheinmetall have soared 57% this year, while BAE Systems is up 17% and France's Thales has gained 22%.

European defense stocks led by Rheinmetall (RNMBY) and BAE Systems (BAESF) surged on Monday after European leaders rallied to Ukraine following

This year’s fierce rally in European defense stocks found new legs Monday after leaders on the continent met over the weekend to forge a peace plan for Ukraine, during

The brighter mood, in equity markets at least, failed to spread to New York. At the time of the London close, the Dow Jones Industrial Average was down 0.5% at the time of the London equities close. The S&P 500 was 0.4% lower and Nasdaq Composite declined 0.7%.

European defense stocks surged on Monday after leaders met with Zelenskyy in London. Ukraine's president left Washington on Friday without a minerals deal after clashing with Trump. Rheinmetall ...