In the European stock exchanges, a positive course except Spain is observed due to the decrease in geopolitical tension in the Middle East.
The Stoxx Europe 600 indicator index increased by 0.3 percent to 542.8 points, the DAX 40 index in Germany is trading from 23.667 points with a 0.1 percent increase and the FTSE 100 index in the UK is 8.782 points with a value of 0.3 percent.
The FTSE MIB 30 index in Italy is 39.631 points with a 0.4 percent premium, the IBEX 35 index in Spain decreased by 0.3 percent of 13,997 points and the CAC 40 index in France is 7.652 points with 0.5 percent.
While the end of the ongoing conflicts between Israel and Iran in the European indices and the decreasing geopolitical risks, a course with a receiving course excluded from Spain, the NATO State and Government Summit held in The Hague, the Netherlands, is closely monitored.
NATO Secretary General Mark Rutte stated that NATO countries should not fall behind Russia in defense production, and the European Union (EU) countries should cooperate with NATO allies, such as Türkiye.
Rutte, NATO’s economy 25 times smaller than Russia’s defense industry production is unthinkable to leave NATO behind, stating that further expenditure to prevent war and the war of production should be won, he said.
On the other hand, the Council of Ministers in Germany approved the 2025 budget draft and 2026 budget framework, which aims to revive the country’s economy and increase defense expenditures.
Accordingly, defense expenditures in the country until 2029, gross domestic product is expected to rise to 3.5 percent. In addition, 166 billion euros are planned to modernize the infrastructure by 2029 in the country.
Following the opening, the shares of the German weapon giant Rheinmetall are traded by 1.6 percent and the German defense and aviation company Hensoldt’s shares are traded with 2 percent value.
