Stock Movers Rheinmetall Falls, Magnum Down, IG Group Jumps
Dec 16, 2025
European defense stocks are feeling the heat after Trump's remarks on peace talks in Ukraine, affecting Rheinmetall's shares significantly. Meanwhile, Magnum Ice Cream is shaking things up by attempting to remove the chair of Ben & Jerry’s board amidst ongoing tensions. On a brighter note, IG Group is celebrating as its shares surge, buoyed by impressive revenue forecasts and plans to dive deeper into the crypto market.
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Peace Talks Weigh On Defense Stocks
- Markets are pricing in a higher chance of a negotiated end to the Ukraine war, hurting European defense stocks.
- Trump's comments and reports of security guarantees to Kyiv accelerated the selloff as investors see reduced long-term demand for defense firms.
Security Guarantees Change Market Expectations
- Reports that Zelensky may accept bilateral security guarantees instead of NATO membership shifted investor expectations.
- Markets interpret these developments as decreasing future defense spending, producing sector-wide weakness in Europe.
Spin-Off Drama At Magnum And Ben & Jerry's
- Magnum, newly spun out from Unilever, moved to remove Ben & Jerry's board chair amid legacy disputes.
- The corporate tension reflects ongoing conflicts over Ben & Jerry's social mission and control after the spinoff.