Europe’s defence stocks, up almost 20% for the year so far, surged another 1% on Tuesday as U.S. officials met Russian counterparts in Saudi Arabia for talks about ending the war in Ukraine and Germany prepared to go to the polls this weekend. U.S. markets were closed on Monday for the President’s Day holiday and are set to return in relatively buoyant mood, with stock futures firmer near record highs even with Treasury yields and the dollar ticking back higher again. But attention has turned to Europe in what may prove to be a landmark week for the continent politically and economically, and as Europe’s broad stock indexes are drawing value investors back across the Atlantic again this year, given their near 40% valuation discount to S&P500 cousins.Read More
