European Defense Stocks Fall Amid EU-U.S. Trade News -- Market Talk

Dow Jones

07/01

0827 GMT - European defense stocks fall in early morning trade, amid reports that the European Union will accept Trump's 10% baseline tariff on many imports but will seek exemptions for some sectors including pharmaceuticals, alcohol, semiconductors and commercial aircraft. Thales loses 2.4%, Indra Sistemas and Saab fall 2.2%, Leonardo drops 2%, Rheinmetall is down 1.5%, Fincantieri loses 1.5%, Rolls-Royce trades down 1.1% and BAE Systems falls 0.8%. (cristina.gallardo@wsj.com)

(END) Dow Jones Newswires

July 01, 2025 04:28 ET (08:28 GMT)

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