Trump fuels European stock swings in sign of things to come
Makers of tanks and missiles got a boost after Trump called on NATO members to spend the equivalent of 5% of their economic output on defense, more than double the current target. Shares in Norwegian missile maker Kongsberg Gruppen ASA gained as much as 4.1%, while Sweden’s Saab AB was up 5.4% and Germany’s Rheinmetall AG rose 5.3%.