US EditionPublished • loading... • Updated
Demand for defence stocks lifts FTSE as investors calm amid Venezuela turmoil
- Early on Monday, the UK's FTSE 100 rose up to 0.7% in early trading and was about 0.2% higher mid‑morning, nearing the 100 mark amid Venezuela turmoil.
- US actions over the weekend followed the US capture of Nicolás Maduro and President Donald Trump's comments, boosting defence and aerospace shares amid geopolitical tensions.
- Defence stocks led gains as BAE Systems and Babcock climbed more than 4%, Rolls‑Royce rose over 2% to a record high, and miners including Endeavor Mining and Fresnillo advanced.
- Investors reacted steadily, pricing in the news as experts said market impact could be limited while Brent crude oil briefly fell then edged higher.
- Rathbones' John Wyn‑Evans noted the country's small economic share, saying Venezuela's removal of President Nicolas Maduro is geopolitically significant but represents just 0.1% of global GDP and about 1% of the world's oil supply, down from 1970s levels.
Insights by Ground AI
21 Articles
21 Articles
U.K.’s FTSE 100 hovers near 10,000 mark as Venezuela strikes lift defence, mining stocks
London’s FTSE 100 hovered near the 10,000 mark on Monday, underpinned by gains in precious metal miners and defence stocks after U.S. military strikes in Venezuela sparked geopolitical concerns
·Toronto, Canada
Read Full Article
Investor: Here's why Venezuela unrest could be good news for stocksInvestors are sending stocks and precious metals up the price curve in reaction to the US military action in Venezuela. There is therefore no indication that the
Defence Stocks: Shares of MTAR Technologies rose 4.21% to hit an intraday high of Rs 2,523 on the BSE. Shares of Paras Defence rose 2.80% to Rs 713, while Hindustan Aeronautics Limited (HAL) rose 2.42% to trade at Rs 4,544.9., Business Hindi News
Coverage Details
Total News Sources21
Leaning Left2Leaning Right0Center12Last UpdatedBias Distribution86% Center
Bias Distribution
- 86% of the sources are Center
86% Center
14%
C 86%
Factuality
To view factuality data please Upgrade to Premium
