Venezuela, Greenland Rumblings Give New Boost to Defense Stocks

The US raid on Venezuela and tensions over Donald Trump’s plans for Greenland have refocused attention on global military spending, handing fresh impetus to Europe’s rallying defense stocks.

A Bloomberg index of European defense companies has surged 10% since the start of the year, gaining momentum after the weekend capture of President Nicolás Maduro by the US military. Geopolitics are firmly on investor radars as Trump won’t rule out the use of military force to acquire Greenland, escalating a dispute with fellow NATO member Denmark.