economy
January 8, 2026
European defense stocks close higher amid geopolitical tensions
European stocks finished lower on Thursday despite defense rallying as Donald Trump called for greater U.S. military spending.
TL;DR
- European stocks ended Thursday in negative territory.
- Defense stocks rallied significantly on Donald Trump's call for a 50% increase in U.S. military spending.
- Trump aims for a $1.5 trillion military budget in 2027.
- European oil stocks closed lower, extending losses for a second day.
- Geopolitical tensions, including threats concerning Greenland and Venezuela, have focused global markets.
- Investors are awaiting Supreme Court opinions on the legality of tariffs imposed by Trump.
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