DFEN.DE is trading 5.5% up today as investors react to signs of de-escalation and diplomacy around Iran and the Strait of Hormuz, which have shifted sentiment toward a more constructive geopolitical risk backdrop.
- Defense and aerospace names are being bid higher in a broader risk-on environment following record U.S. equity highs.
- Easing oil prices and lower Treasury yields are providing additional tailwinds for sector ETFs exposed to global defense contractors.