European defence stocks surge as Greenland tensions mount
Sector has jumped nearly 15% this month as investors bet domestic military spending will have to keep rising
Sector has jumped nearly 15% this month as investors bet domestic military spending will have to keep rising

Shares in Danish territory’s biggest bank have risen 33% this week

Meeting with senior US figures follows escalating Donald Trump campaign to take Greenland

Copenhagen places record order as relations with Trump administration come under strain over Greenland

Military alliance yet to issue public statement asserting territorial integrity of Arctic island and kingdom of Denmark

Copenhagen faces up to Russian threat on Nato’s eastern flank and US pressure on Greenland with big defence deals

Conflict over Greenland could destroy the transatlantic alliance, requiring a new European security treaty to replace it