Defense Rally Pushes European Stocks Toward New Record - WSJ
1. European defense stocks surged on heightened military spending expectations. 2. BAE Systems rose over 5% amid NATO calls for increased defense budgets. 3. S&P 500 earnings beat expectations by 6.3%, better than historical average. 4. Japan's economy grew 2.8%, raising interest rate hike expectations. 5. China tech stocks rallied as Xi Jinping indicated a pro-business stance.