European defense stocks are flying again. Germany backs 5% NATO spending target. - MarketWatch
1. Germany accepted a 5% GDP defense spending target for NATO countries. 2. Hensoldt shares (HAG) jumped 6% amid defense stock rally. 3. Germany's current defense spending is just over 2% of GDP. 4. Hensoldt's shares have doubled this year; Rheinmetall surged 172%. 5. Other defense stocks also saw gains during the rally.