BUZZ-Defence stocks slip in Europe after Trump's phone calls with Putin and Zelenskiy

Shares in some European defence companies slide on hopes of a peace deal between Ukraine and Russia after U.S. President Donald Trump held phone calls with leaders of both countries

Trump said on Wednesday that Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy expressed a desire for peace in separate phone calls with him

A gauge of aerospace and defence stocks .SXPARO down 0.3%, as of 0814 GMT

Germany's Hensoldt HAGG.DE falls about 5%, Rheinmetall RHMG.DE and Renk R3NK.DE down 2% and 1%, respectively

Italy's Leonardo LDOF.MI slips 1.8%, while Sweden's Saab SAABb.ST, France's Thales TCFP.PA and Britain's BAE Systems BAES.L down between 0.1% and 1%

French maker of Rafale fighter jets Dassault Aviation AM.PA down 1%