European defense stocks face consolidation in 2026 after strong performance in 2025

In 2026, European defense stocks have underperformed compared to the broader market as investors shift focus from geopolitical optimism to company fundamentals. Analysts expect a period of consolidation with greater scrutiny on earnings and cash flows.

By Joseph Wilkins · CNBC · May 30, 2026, 06:01 UTC

Topics: defense stocks European markets geopolitical impact

Read the full article at CNBC

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