Market Report - Europe
Europe midday: Defence stocks slump as Germany reportedly pulls frigate contract
By Frank Prenesti
Date: Wednesday 24 Jun 2026
(Sharecast News) - European shares were down at midday on Wednesday as the tech-sell off continued, while defence stocks were in focus on a report that the German navy had ditched plans to build a fleet of frigates.
The pan-regional Stoxx 600 index was down 0.05% to 634 at 1200 BST.
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