European defence companies rise after tariff-driven selloff

ReutersApr 8, 2025 7:20 AM

Shares in European arms makers recover some of their three-day losses sparked by U.S. President Donald Trump's sweeping global tariffs

An index of aerospace and defence companies .SXPARO is up 2.8% at 0718 GMT, after notching a 13% fall over the past three trading sessions

Sweden's Saab SAABb.ST, Germany's Renk R3NK.DE are up around 5%; Italy's Leonardo LDOF.MI up some 4%

Hensoldt HAGG.DE, which provides sensor systems for the Eurofighter, is up 3.7%

France's Thales TCFP.PA rises 3.7%, Dassault Aviation AM.PA is up 2.8%

Leopard 2 tanks maker Rheinmetall RHMG.DE moves 2% higher

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