European defense stocks rise amid geopolitical uncertainty
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Glonghui, February 18th｜European defense stocks rose as ongoing geopolitical uncertainties boosted demand for the sector. Shares were also driven higher after BAE Systems in the UK reported positive financial results. A Goldman Sachs basket of European defense spending-related stocks saw an intraday gain of up to 3.8%, and has risen 19% so far this year. The index had previously dropped as much as 2.6% on Tuesday ahead of the Geneva talks.
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