European defence stocks extend losses after Putin and Trump plan peace talks
** European defence stocks extend losses as Kremlin aide Yuri Ushakov said Russian President Vladimir Putin and U.S. President Donald Trump will meet in the coming days; sector adds to losses in early trade on Rheinmetall's Q2 results miss
** STOXX aerospace and defence index .SXPARO down 2%
** "It relates to the signals around peace talks in Ukraine," Lukas Daul, analyst at Arctic Securities says
** Tom Guinchard, analyst at Pareto Securities says Rheinmetall has been a bellwether for wider European defence companies as well
** Germany's Hensoldt HAGG.DE, Rheinmetall RHMG.DE and Renk R3NK.DE fall 4.6%, 5.3% and 7.5%, respectively
** France's Thales TCFP.PA, Sweden's SAAB SAABb.ST, Britain's BAE Systems BAES.L are down between 3.7% and 4.4%, Italy's Leonardo falls 5.7%
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