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European stocks rise as defense earnings lift sentiment

Dassault Systemes shares jumped about 8% after the company posted another quarter of higher revenue and expanding order books, reflecting the defense upcycle’s impact on results.

Reported · Written up by our desk · Europe

European stocks moved higher as the defense sector’s upcycle continued to feed through to corporate earnings and order demand, CNBC World reported.

The outlet said defense-related strength translated into another quarter of higher revenue across the sector, with swelling order books supporting the positive momentum.

Dassault Systemes was singled out, with the stock rising roughly 8% following its results that showed continued revenue improvement and a larger backlog.

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