Rheinmetall Rises, Orsted Gains, HelloFresh Drops
On this episode of Stock Movers:
- European defense stocks rise as Germany is set to approve a record €52 billion in military orders as part of the government’s push to build Europe’s strongest conventional army.
- Shares in Orsted jumped to their highest level in four months after a US federal judge ruled President Donald Trump’s executive order banning new wind projects illegal.
- HelloFresh drops as much as 11% after the German subscription meal company was downgraded to underweight from equal-weight at Morgan Stanley, with analysts saying there’s intensifying competition in the US for ready-to-eat meals and signs of further deterioration in 4Q.
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