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Bondar@lemmy.world

Possible downturn for EU Defense stocks and Upturn for ETF's and Banks? (lemmy.world)

submitted 3 weeks ago by Bondar@lemmy.world to c/stocks_eu@lemmy.world

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If ... and this is a big IF. Russia agrees to the cease fire. Will there be a possible downturn for the EU defense stocks and mild upturn for the ETF's and bank stocks ? I mean the problem haven't gone away and EU still should arm heavily after the recent US flip-floping and Russia still being in war economy. However we all know how stock markets strangely reacts to the news.

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[–] spikespiegelssidekick@lemmy.world 4 points 1 week ago (1 children)

even if Russia were to agree to ceasefire, I believe that the EU will still continue with defence spending, mainly to diverse away from US dependence and trade with i.e Canada.

just my 2c

[–] PopeyesBiscuit@lemm.ee 1 points 1 week ago

I agree I don't think the US will let up on their isolationist policies anytime soon. Atleast while Trump is still in office