European defence stocks move up after Trump’s Ukraine comments

(Reuters) -Shares in European arms makers moved higher on Wednesday after U.S. President Donald Trump, in a  rhetorical shift, said on he believed Ukraine could retake all its land occupied by Russia.

An index of aerospace and defence companies was up 0.8% at 0717 GMT, hovering near its record highs and outperforming region-wide STOXX 600, which was down 0.45%

Sweden’s Saab was up around 4%, also buoyed by a local media report that Germany was open to buying its surveillance aircraft Global Eye.

Hensoldt, which provides sensor systems for the Eurofighter, was up 4%, while Renk and Italy’s Leonardo both rose around 2%.

France’s Thales and Dassault Aviation were up between 1% and 1.6% each. 

(Reporting by Anna Pruchnicka; editing by Dhara Ranasinghe )

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