Defence stocks in Europe move lower after Trump-Zelenskiy meeting

Shares in European arms makers slip on Monday as investors weigh the outcome of the meeting between U.S. President Donald Trump and Ukraine's President Volodymyr Zelenskiy on Ukraine peace deal

Trump said he and Zelenskiy were "getting a lot closer" to a deal but that the territorial issue remain unsettled

An index of aerospace and defence companies .SXPARO is down 1.4% at 0818 GMT, compared to a 0.05% rise of the wider STOXX .STOXX index

Italy's Leonardo LDOF.MI falls around 4.6%, Germany's Rheinmetall RHMG.DE, Hensoldt HAGG.DE are both down some 3%

BAE Systems BAES.L slips around 2%