Defense shares raise European shares on almost record highs – TradingView News

The European shares expanded the trade near a record high on Monday, since the defense shares increased the prospects for higher military spending by the region.

The Pan-European Stoxx 600 Index SXXP At 0932 GMT, 0.3% rose by 0.3% to acquire for ten weeks.

The European Aerospace and Defense Index (.Sxparo) rose 6.5% to a record high after the continent leaders had agreed to increase defense spending over the weekend and create a Ukrainian peace plan to present the USA.

Rhine metal Rhm rose by 11.4% to a record high, BAE systems Ba. Jumped 13.5% and Leonardo LDO Advanced 11.6% and Rolls-Royce Rr. had increased by 5.7%.

France's Thales HO And Dassault Aviation AM had increased by 11.7% and 13.4%.

The provision of an additional thrust was a Reuters report in which the parties consider to set up a defense fund in discussions on the establishment of the new government of Germany.

German Blue Chip Index Dax jumped by 0.9%and hovered near a record peak.

“The market increases with this optimism over defense spending and the potential for a peace plan that not only increases defense shares, but also increases optimism on the whole,” said Fiona Cincotta, Senior Market Analyst at City Index.

Germany's 10-year federal return (D10YT = RR), the benchmark of the euro zone, rose by 4 basis points to 2.42%.

Interest-sensitive real estate (.SX86P) lost 1.5%, while the supply companies (.SX6P), which are often traded as bond proxies, emit 0.9%.

In the economic front, the long -standing downturn in the manufacturing industry of the euro zone showed further signs of relaxation last month, as demand was slowly in almost three years, showed a survey on Monday.

The European Central Bank will be in the spotlight later this week. While a shortcut of tariffs is widely expected, the focus is on the comments of the central bank with far uncertainty after the US plans for “mutual” tariffs of the European Union are planned.

Escaling global trade wars added a certain caution after a report said that Beijing had prepared countermeasures against fresh US import tariffs.

Us President Donald Trump threatened China last week with an additional 10% task that is to come into force on Tuesday, which would lead to a cumulative tariff of 20%.

In addition, US taxes will come into force for Canadian and Mexican imports from Tuesday.

Shares of Bunzl Bnzl fell by 6% after the dealer recorded a decline in the annual profit by 3.6%.