88GEOPOLITICS
⚡ Markets: Increased risk of direct confrontation between Russia and a NATO member. Heightens geopolitical risk premium for European assets and could lead to further sanctions. Bullish for European defense sector stocks.EUR/USDDAXRheinmetallBAE Systems
The German government has officially held Russia responsible for an attempted attack in August using an explosive-laden drone near a Ukrainian cargo plane at Leipzig/Halle Airport. In response, Germany is closing a Russian consulate, and EU and NATO officials have vowed to increase pressure on Moscow amid a series of suspected Russian sabotage and hybrid warfare actions across Europe.
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