Latest / The European Economy Podcast with Fexingo: ECB, Eurozone, and Continental Markets
Why Eurozone Defense Stocks Are Breaking From EU Budgets
European defense stocks have been on a tear since 2022, but a new pattern is emerging: the best performers are no longer the ones with the biggest government contracts. Lucas and Luna examine how Rheinmetall, Thales, and Leonardo are diverging from EU budget politics, and why investors are starting to price in a 'defense without borders' thesis. They dig into the data behind the 2.1 percent real GDP growth in the Eurozone, the renewed Hormuz hostilities that are reshaping ECB rate expectations, and what it means for a sector that used to move in lockstep with Brussels…
The skinny
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