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The Economic Times

Markets / The Economic Times

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Trumps $1.5 trillion defence budget plan may deepen deficits, says Moodys

Defence stocks surged globally after U.S. President Donald Trump proposed a significant military budget hike. This move is expected to boost defence companies. However, credit rating agency Moody's warned of widening fiscal deficits and increased U.S. debt. Despite these concerns, defence stocks saw strong gains, with some European companies also extending their rally.

9 Jan 2026 11:26 am