European Markets Whiplash: Defense Stocks Soar as Luxury Lags in 48-Hour Rollercoaster
European defense stocks surged up to 5% after Donald Trump backed Ukraine’s push to retake Russian-held territory, sending sector indices near record highs. Commodity shares climbed as copper hit a 15-month peak and oil rallied, while luxury and bank stocks fell, dragging France’s CAC 40 and major lenders lower. The pan-European STOXX 600 slipped 0.2% on Sept. 24 and continued to drift down.
