(ANSA) – MILAN, AUGUST 19 – The defense sector weighs on the stock market after speculation that Germany will cut new military aid to Ukraine. On the Milan stock exchange, Leonardo is the one to lose (-1.68% to 22.24 euros), down over 2% to 22.06 euros, while in Frankfurt, mechanical components manufacturer Rheinmetall is marking time (-3.7% to 541.4 euros), down over 5% in the morning to a low of 535 euros, and sensors and radar manufacturer Hensoldt (-5.68% to 34.18 euros), down over 7.6% to 33.48 euros. The Norwegian missile, launcher and control systems manufacturer Kingsberg Gruppen is not doing much better, down 2.17% to 1,082 crowns, but down over 4% in the morning to 1,063 crowns. In addition, a basket of Goldman Sachs defense stocks fell 3.4% today, although they are still up 45% since the beginning of the year thanks to geopolitical tensions that have diverted purchases to the sector on the stock exchange. According to the Frankfurter Allgemeine Zeitung of last Saturday, cited in a more widespread report that is circulating among the trading rooms, the Berlin government intends to continue with the current military aid programs to Ukraine, but does not intend to approve new ones. (ANSA).
2024-08-19 22:09:38