European defense stocks fell again after talks among international leaders raised hopes for a resolution to the conflict.
Raluca Ioana Draghici
Economy
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The Stoxx Europe Aerospace and Defense index fell 1.13%, continuing the previous day's 2.6% decline, amid speculation of diplomatic progress. European markets were mixed performers, with the FTSE 100 hitting an all-time high thanks to Convatec. In contrast, the CAC 40 and DAX recorded losses. UK inflation also exceeded expectations, leading to a depreciation in sterling. Analyst Sanjay Raja pointed to persistent inflationary pressures complicating Bank of England decisions.
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