SHARE PRICES IN FOCUS: Defense stocks fall - circles: Talks about ceasefire - 17.09.2024

Talk of ceasefires sends defense stocks tumbling

After weeks of intense fighting, there are reports that Russia and Ukraine are in talks about a possible ceasefire.

The news has sent defense stocks tumbling, as investors bet that a ceasefire would reduce demand for weapons and other military equipment.

Rheinmetall: -4.5%

German defense company Rheinmetall has been one of the hardest hit, with its shares falling by 4.5% in early trading.

Rheinmetall is one of the world's leading suppliers of weapons and military equipment, and a ceasefire would likely have a significant impact on its business.

BAE Systems: -3.2%

British defense company BAE Systems has also seen its shares fall, by 3.2%.

BAE Systems is another major supplier of weapons and military equipment, and like Rheinmetall, a ceasefire would likely have a negative impact on its business.

Lockheed Martin: -2.1%

US defense company Lockheed Martin has seen its shares fall by 2.1%.

Lockheed Martin is the world's largest defense company, and it manufactures a wide range of weapons and military equipment, including the F-35 fighter jet.

Conclusion

The news of possible ceasefire talks between Russia and Ukraine has sent defense stocks tumbling.

If a ceasefire is agreed, it would likely have a significant impact on the businesses of defense companies around the world.