FRANKFURT (dpa-AFX Broker) - Shares in German defense companies are likely to continue their recent search for direction with price losses on Monday. Rheinmetall shares, which had risen slightly on Friday after two weak days, were down again by around one percent in pre-market trading on the Tradegate platform.
In the MDax, Hensoldt and Renk fell by up to three percent. Shortly before its inclusion in the MDax, TKMS shares are also showing signs of a weak start.
For weeks, investors have been critically watching the diplomatic struggle to find a possible end to the war in Ukraine, which will continue at the highest level on Monday. In addition to Ukrainian President Volodymyr Zelensky, a US delegation led by Special Envoy Steve Witkoff is also participating in Berlin.
The US side made positive comments on Sunday evening after several hours of talks with the Ukrainian delegation at the Chancellery. "Much progress" had been made, Witkoff wrote on the X platform. /tih/zb
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