Defense Shares Fall as Report on Ukraine Aid Stokes Concern
- A Goldman Sachs basket of defense-exposed shares falls over 3%
- Rheinmetall shares are slipping from an overbought position
Boris Pistorius aboard a Leopard 2 A6 battle tank, destined for Ukraine, last year.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
European defense stocks slid on Monday, paring some big year-to-date gains, after a weekend report from local media suggested that Germany will no longer grant new requests for aid to Ukraine in an effort to rein in spending.
The government pushed back against the claim in a press conference on Monday, saying that the country would continue to support Ukraine in its defense against Russia’s invasion for as long as necessary.