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European Defense Stocks Mixed After Israel Attack on Iran

European Defense Stocks Mixed After Israel Attack on Iran

Stocks in European defense companies had a mixed reaction after reports that Israel had launched a retaliatory strike on Iran. The Wall Street Journal said the strike targeted the area around Isfahan in central Iran, according to people familiar with the matter. European defense stocks have largely been a winning trade this year, with Rheinmetall gaining 74% so far in 2024 and Leonardo gaining 48%.