Rheinmetall AG and other defense names resumed recent declines on Monday amid signs of progress in talks to secure Ukraine’s support for a US-backed peace plan ahead of Thursday’s deadline. According to Graeme Bencke, a fund manager at Amati Global Investors Ltd., there’s been a change in market sentiment toward the Russian conflict in Ukraine. While progress is not expected to be imminent — German Chancellor Friedrich Merz on Monday said not to expect a breakthrough this week — the recent declines have taken the froth off a huge rally in European defense stocks that began around the time Russia invaded Ukraine in February 2022.
I’m so pissed off at russia for making everything worse. Everyone’s quality of life is going down cause someone is being a dick for absolutely no reason. All that money could have been spent on a lot of useful stuff.