Stock Movers Rheinmetall Up, Legrand Soars, Raiffeisen Rises
Oct 3, 2025
European defense stocks, including Rheinmetall, are surging amid rising tensions linked to drone sightings around Munich. Legrand has achieved record highs after acquiring Avtron Power Solutions for $1.1 billion, enhancing its data center capabilities. Additionally, Raiffeisen shares are climbing as the EU considers lifting sanctions on assets related to Russian oligarch Oleg Deripaska, providing a financial boost for the bank. Tune in for insights on these market movements and their implications!
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Defense Stocks Rise On Expanding Tensions
- Rising drone sightings and other incidents are pushing defense stocks higher across Europe.
- Market moves reflect perceived expansion of tensions toward Western Europe and related geopolitical risk.
Incursions And Politics Amplify Market Sensitivity
- Recent drone incursions and incidents like the Munich Airport suspensions signal escalating risk perceptions.
- Political moves and missile supply debates intensify market sensitivity to defence exposure.
Legrand Boosts Data-Center Footprint With Big Deal
- Legrand hit a record high after agreeing to buy Avtron Power Solutions for $1.1 billion enterprise value.
- The deal strengthens Legrand's data-center infrastructure presence amid AI-driven demand for cooling and power solutions.