民主党在中期选举中大获全胜，削弱了市场对美国进一步加大军费开支的预期，欧洲防务股随之下跌。
European defense stocks slid as the Democrats’ landslide midterm-elections win dented expectations of a further ramp-up in US military spending.
高盛集团编制的一篮子欧洲军工股周三一度下跌4.1%，为四个多月来最大跌幅。英国BAE系统公司近一半收入来自美国，其股价一度下跌5.9%。
A Goldman Sachs Group Inc. basket of Europe’s military names fell as much as 4.1% on Wednesday, its steepest decline in more than four months. The UK’s BAE Systems Plc, which gets nearly half its revenue from the US, declined as much as 5.9%.
Mwb Research分析师延斯-彼得·里克在电子邮件评论中表示，选举结果还消除了“美国抛弃欧洲的恐慌”，而这一因素正是该板块2025年上涨的推动力之一。
The election outcome also removes the “US walks away from Europe scare” that was a driver of the sector’s 2025 rally, said Mwb Research analyst Jens-Peter Rieck in emailed comments.
去年，在唐纳德·特朗普总统任内美国缩减对该地区的安全承诺、促使各国政府开始大幅增加防务开支之后，欧洲防务股曾大幅上涨。
Europe’s defense stocks rallied massively last year after the US, under President Donald Trump, pulled back on its security commitment to the region, prompting governments to start majorly ramping up defense spending.
不过，在Mediobanca的亚历山德罗·波齐看来，考虑到民调和预测市场数周来一直指向民主党大胜，该地区对选举消息的反应有些出人意料。
Still, for Mediobanca’s Alessandro Pozzi, the region’s reaction to the electoral news was somewhat surprising, given that polls and prediction markets had been pointing to a Democratic sweep for several weeks.
波齐写道：“关键防空和导弹防御项目、‘金穹’以及造船业获得了更广泛的两党支持，尽管资金仍取决于政治辩论。”
“There is a broader bipartisan support for key air and missile defense programs, the Golden Dome and shipbuilding, although funding remains subject to the political debate,” Pozzi wrote.
据里克称，中期选举结果对“德国防务股的人气构成温和的负面影响”，而周四亨索尔特公司、莱茵金属公司和伦克集团公布第三季度业绩时，可能出现更大的波动。
According to Rieck, the midterm results were a “mild negative for sentiment on German defense stocks,” with the prospect of bigger moves on Thursday when Hensoldt AG, Rheinmetall AG and Renk Group AG report third-quarter results.