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.