0927 GMT - European defense stocks are on the rise amid heightened tensions between Europe and the U.S. over Greenland. Media reports say European Union diplomats are discussing reviving a 93 billion-euro package of tariffs on U.S. goods should President Trump proceed with his threat of imposing a 10% tariff from Feb. 1 on eight European countries that recently sent military personnel to Greenland. The latest tensions reinforce Europe's need and determination to assume greater responsibility for its own security, Morgan Stanley says in a note. Further escalation could accelerate EU defense spending plans, it adds. Renk Group surges 5.5%, Saab jumps 5%, Hensoldt gains 4%, Dassault Aviation advances 3.2% and Rheinmetall increases 3%, while Leonardo and QinetiQ Group are both up 2.8%. BAE Systems and Thales lag slightly behind, gaining 2% each. (cristina.gallardo@wsj.com)
(END) Dow Jones Newswires
January 19, 2026 04:28 ET (09:28 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
