Global financial markets kept a close watch on the stock market to identify geopolitical risks. The relevant markets were opened on Monday. Analysts forecasted a rise in buying assets like gold and US dollars, followed by a demand for US Treasuries.
As predicted, US stock futures have fallen, while gold, crude oil and Treasuries are on the rise. Defence shares have also been soaring. Companies such as Lockheed Martin and Northrop Grumman both saw gains of up to 4.9% during premarket trading.
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Similar increases in share were experienced by other companies involved in defence. General Dynamics (GD), L3Harris Technologies, (LHX) and Huntington Ingalls Industries are some of the companies. BAE Systems, a UK arms manufacturer (BAESY), was named a FTSE 100 best performer at the London Stock Exchange.
This trend was also notable throughout Europe. Saab, a German weapons manufacturer, gained 5.5% and Rheinmetall, a Swedish manufacturer of aircraft and jet fighters, gained 9%.
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