Luxury goods exit, military stocks rise: Rheinmetall will replace Kering in the Euro Stoxx 50
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JP Morgan stated that this adjustment will take effect on June 20. Rheinmetall's stock price has surged nearly twofold this year, soaring 26% in May alone, pushing its market value to nearly €87 billion. Against the backdrop of the ongoing Russia-Ukraine conflict and European countries reassessing their defense budgets, military enterprises have become the most direct beneficiaries. In contrast, Kering has fallen 28% year-to-date
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