Share

Stock Market Today, January 16: The Arctic battle is boosting defense stocks, with Leonardo and Fincantieri soaring. Tensions over gas and gold are falling – LIVE

Profit-taking on European stock markets. London, Paris, Frankfurt, and Milan are down. Defense stocks, including Leonardo and Fincantieri, are rising, in the wake of growing attention to security and cooperation in the Arctic, a topic central to the presentation of Italy's new strategic document to the Ministry of Foreign Affairs. Sales of Stellantis and EU auto stocks are rising – Follow the LIVE broadcast.

Stock Market Today, January 16: The Arctic battle is boosting defense stocks, with Leonardo and Fincantieri soaring. Tensions over gas and gold are falling – LIVE

Profit taking on stock markets in EuropeThey give in London, Paris, Frankfurt e Milan. Always under tension, on the raw materials front, the gas. On the other hand, the recovery is crude, decreasing while the silver oscillates. On the price list of Business Square heavy Cucinelli, MPS, Stellantis and – outside the main price list – it also goes back Classic Ferrari for saleBanks are declining with Understanding e Mediobanca, lose Bpm bank and only Unicredit is on the rise. Utilities and energy are holding up with Enel on the rise, Eni on equality, A2A, Hera e Italgas positive.

The stocks are running high defense with Leonardo e Fincantieri, in the wake of the growing attention to issues of security and cooperation in theArcticThis is the topic at the centre of the presentation of the new Italian strategic document to the Ministry of Foreign Affairs. The sector is also well-established in Europe, with the good performance of Thales in Paris and Rheinmetall in Frankfurt, the day after the NATO troops from seven different countries deployed in Greenland as a reaction to the US president's threats Donald Trump.

READ MORE Record gold and silver rally slows

At today's conference the Italian government presents the document "Italian Arctic Policy. Italy and the Arctic: the Values ​​of Cooperation in a Rapidly Transforming Region", signed by the Ministries of Foreign Affairs, Defense and Research. The text – as reported in the introductory sections – highlights that the region "is today at the center of a tangle of international challenges“, in a new framework of interests and security in which the national supply chain defense and shipbuilding – represented by Leonardo and Fincantieri – is the natural protagonist. Fincantieri itself, the report states, "in Norway, through its subsidiary Vard, has achieved world leadership in the design and construction of ships dedicated to the Arctic environment”. Fincantieri has also invested “in the world ofunderwater, which in the Arctic Ocean attracts the interest of several other Italian companies”, in particular with respect to “the underwater, To diving systems and the same digital connectivity for the production of high-capacity submarine cables and the making of resilient infrastructure along new Arctic routes".

Leonardo is also actively involved in the region by participating, since 2019, in the Arctic Security and Emergency Preparedness Network (Arcsar) project, an initiative that brings together various actors from the Arctic and Atlantic countries with the aim of address emergencies, natural disasters and risks related to growing maritime activity in the Arctic”.

comments