Fresnillo plc

Rolls-Royce Holdings plc

Worldline SA

The European stock market ended 2025 with its best performance since the pandemic boom.

European stock markets started 2026 with record highs. Who led the growth?

Rheinmetall AG

RENK Group AG

European defense stocks remain bullish: the sector has an attractive valuation and encouraging historical dynamics, Morgan Stanley believes. "All the stars have aligned for a strong seasonal recovery," the bank's team of analysts, led by Marina Zavolok, wrote in a note <a href="https://www.bloomberg.com/news/articles/2025-12-09/europe-s-defense-rally-is-just-beginning-says-morgan-stanley">quoted</a> by Bloomberg. - Typically, growth [in this sector] starts late in the year and accelerates in January."