European defense stocks rise due to uncertainty over US-Iran negotiations.

European defense stocks rose on Wednesday due to ongoing geopolitical uncertainties, including the possibility of the United States taking military action against Iran, boosting demand in the sector. After positive financial reports from BAE Systems, stock prices also rose. The daily increase in a basket of European defense spending-related stocks by Goldman Sachs reached as high as 3.8%, with a cumulative increase of 19% so far this year. Thales' stock price rose 4.6%, while Leonardo, Dassault Aviation, and Theon saw increases of 4.4%, 3.7%, and 3.6% respectively.