arms makers: European arms manufacturers could not boast quite such good numbers, but also saw significant increases in their share values, according to Deutsche Welle. The British firm BAE Systems, which sells everything from warplanes to naval vessels around the world, saw its share prices rise between three and four percent, as did the French Thales Group, which specializes in remote weapons systems, and Germany biggest military equipment supplier Rheinmetall, which saw its value rise by 2.9 percent. Donald Trump victory in the presidential election led to a surge in the prices of shares in arms makers, especially large American ones Northrop Grumman, Lockheed Martin and Raytheon all gained between 5.4 percent and 7 percent in the day following the Republican victory. It wasnt difficult to see the immediate cause for this boost. Both the US and Russia are likely to go on a military spending spree Below the line that all good news for Europe defense industry. Trump has always demanded a bigger contribution from the Europeans in defense efforts, one trader told the N-TV news outlet.
(news.financializer.com). As
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