London CNN —
The stocks of European defense companies soared Monday as investors anticipate massive increases in military spending by governments in the region amid its growing rift with the United States.
The STOXX Europe Total Market Aerospace & Defense index had surged almost 7.9% by early afternoon local time, which put it on course for its biggest one-day jump in about five years. The index has risen more than 30% so far this year.
Europe is confronting a worrying new reality: that the US, the continent’s longtime ally and security guarantor, may not help
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