European stock market indices are rallying today following the European markets open with the German DAX doing more than 1.5%, the French CAC +1.04% and the UK FTSE 0.54% as of writing. The German stock market hit a new all time-high while the French market is also trying to set a new record.
The Euro rose against the US Dollar by 0.53% as of writing.
European defense stocks also opened higher with Rheinmetal and BAE Systems up by more 13% as of writing.
Last week ended with a breakdown in relations between Ukraine and the United States after with tensions between Europe and the United States rising as a result. At the end of the week, EU Commission President announced that the EU would draw up new fiscal measures to help induce a surge in defence expenditure in Europe. Despite the tense and difficult political negotiations between Ukraine and the United States, European markets seem to show no fear.
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