Pre-Market Report – Tuesday 18 February: Europe hits highs on defence stocks | BHP results and RBA today

US Markets closed - Europe hits highs as defence companies soarSPI up 21 - BHP results - SEK - CGF - HUBEuropean stocks mark record closing high as defence stocks soar.Euro zone yields up, traders cut bets on ECB rate cuts on defence spending concerns.China's Xi holds rare meet with business leaders amid US tech rivalry.Europe talks up more defence spending as Ukraine peacekeeper plan divides.German voters demand change as Europe's biggest economy stalls.COMMODITIESOPEC+ is not considering delay to April oil supply hike, Novak says.Oil rises as drone strikes Caspian pump station, while Russia-Ukraine peace talks loom.Drone strike hits Chevron, Exxon oil exports via Russia.US decision to block Nippon Steel-U.S. Steel deal was 'unjust political interference', Ishiba says.Copper falls as short covering fades.Iron ore slides as cyclone-led supply fears ease in Australia.Gold gains on softer dollar, Trump tariff threats.Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.