EU Defence Gains, Polish Stocks Drop, Global Trade Dip
On this episode of Stock Movers:
- European defense stocks are outperforming this morning as the UK plans to spend £1.5 billion to build six munitions factories, expand its fleet of attack submarines and invest in its nuclear deterrent.
- Global stocks started the new month under pressure as a flare-up in global trade tensions and geopolitical uncertainty dampened investors’ appetite for risk.
- Warsaw WIG20 index drops as much as 3.4% in early trading after the nationalist opposition candidate wins Poland’s presidential election; results are seen as a blow for pro-EU cabinet and its delayed reforms agenda as well as a test for this year’s rally on local assets.
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