Peace Hopes Add to Valuation Question for Europe’s Defense Rally
A sharp fourth-quarter pullback in Europe’s defense stocks has shone a spotlight on the shifting narrative for what’s been a key driver of the region’s equities rally this year.
By Isolde MacDonogh · Bloomberg Markets
A sharp fourth-quarter pullback in Europe’s defense stocks has shone a spotlight on the shifting narrative for what’s been a key driver of the region’s equities rally this year.