(Boursier.com) — Defense players are falling on the stock market this weekend. In Paris, and while the CAC40 fell by more than 2%, Thales And Dassault Aviation lose nearly 6% while Saffron And Airbus give up around 2.5%.
World leaders are expected in Switzerland this weekend to participate, alongside Ukrainian President Volodimir Zelensky, in a peace summit in Ukraine to which Russia has not been invited. This summit will take place on June 15 and 16 at the luxury hotel Bürgenstock, in the canton of Nidwalden, near Lucerne in central Switzerland. “This meeting is already a result,” Volodimir Zelensky said on Tuesday, recognizing however the challenge of maintaining international support for Ukraine as the war has entered its third year. China will be largely absent from this summit, Beijing having declined the invitation sent in January by Volodimir Zelensky to Chinese President Xi Jinping. Russia, for its part, indicated that the idea of a summit to which it was not invited was “futile
“There is profit taking on defense stocks, which have already increased sharply since the war in Ukraine, and investors fear a reversal of the trend,” Saima Hussain, analyst at Alphavalue, told ‘Bloomberg’.
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