Shares of Rheinmetall, Germany’s largest arms maker, fell 5%.
BAE Systems in London dropped roughly 3.5%.
Paris-listed Thales decreased by 1.5%.
Swedish arms manufacturer Saab declined 5.6%.
Italy’s Leonardo fell more than 2%.
Officials from the U.S., Ukraine and Europe met over the weekend to discuss President Trump’s peace proposal. Trump has given Ukraine a Thursday deadline to respond, although the administration signaled over the weekend that there was room for negotiation.
www.wsj.com
#European #Defense #Stocks #Fall #U.S #Hails #Ukraine #Progress
