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The Stoxx Europe 600 index ended the day up 0.3%

European defense stocks fall after reports of U.S.-Russia plan to stop Ukraine war

Fri, Aug. 8, 2025
European stock markets
European stock markets

European stock markets rose sharply after news emerged that U.S. and Russian officials are working on a deal to stop the war in Ukraine.

Bloomberg, citing sources familiar, reported that a potential agreement would allow Russia to occupy the territory it took during its invasion of Ukraine.

The Stoxx Europe 600 index ended the day up 0.3% and France’s CAC 40 rose 0.4%.

Germany’s DAX and the U.K.’s FTSE 100 provisionally closed flat, pulled down by declines in defense stocks.

Shares of Germany’s Rheinmetall were trading lower by 1.2%, Hensoldt declined by 6.4% and Renk fell 5% at 4 p.m. in London.

London-listed BAE Systems and Babcock also gave up gains from earlier in the day. Italy’s Leonardo and France’s Thales were also down by 3.9% and 0.8% respectively.

The companies are expected to benefit from renewed spending in Europe’s defense rearmament.