Rheinmetall, BAE Systems and other European defence stocks surge as leaders push for higher military spending

Shares of European defense companies surged on Monday as investors bet that governments across the continent would significantly ramp up military spending. The rally was led by German arms manufacturer Rheinmetall, which jumped 14% in Frankfurt, while UK-based BAE Systems soared 16% in London and Italy’s Leonardo climbed 10% in Milan. Rolls Royce was up […]