This gain has been driven largely by renewed geopolitical tensions around Venezuela and Greenland, which have refocused investor attention on global military spending and national security priorities.

Bloomberg reports that European defense stocks gained momentum after the U.S. raid on Venezuela and discussions around possible U.S. use of force in Greenland, prompting expectations that Europe may need to increase its own defense capabilities and spending. 

Market observers note that this reflects a broader trend of structural demand for defense equities, as governments face rising security challenges and are more likely to allocate larger budgets to military, aerospace, and defense infrastructure in the coming years

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