🟢 Select STOXX Europe Aerospace & Defense ETF is trading 3.1% up today on escalating Middle East tensions and rising defense spending

Select STOXX Europe Aerospace & Defense ETF is trading 3.1% up today as aerospace and defense names rally on escalating Middle East tensions and rising defense-spending expectations.

• Geopolitical friction, including Iran’s closure of the Strait of Hormuz, is boosting European defense contractors that dominate the portfolio.
• Risk-on sentiment in U.S. markets is supporting flows into cyclical and defense-linked industrials, helping the sector outpace the broader equity tape.