Europe’s defence stocks fall as Gaza ceasefire deal eases risk premium; China rare‑earth clamp tightens supply
LONDON — European defence shares slid this week in a market déjà-vu: headlines that a U.S.-brokered Gaza ceasefire had been agreed knocked the sector’s geopolitical risk premium lower, while a near-simultaneous round of Chinese export curbs on rare-earths and magnet technology injected fresh, supply-chain risk that could bite