The military escalation between the USA, Israel and Iran is causing strong market movements worldwide. Investors are shifting out of cyclical sectors and into security, energy and defense.

_________________________

Bitcoin $BTC (+3.16%) shows surprising stability

• 📈 In the meantime +8,1 %
• 💰 Just over 70,000 dollars
• Stabilization at around 69,000 dollars

Despite geopolitical risks, Bitcoin is apparently being used as a liquidity parking lot in the short term. At the same time, volatility remains high - further escalations could trigger new spikes.

_________________________

🛢 Oil prices up significantly

• Brent: + just under 6 %
• WTI: + a good 5 %
• In the meantime even +13 %

According to the report, the USA is currently no release from the strategic oil reserve. The market is still considered to be supplied, but the situation remains tense.

_________________________

🏦 Banks under pressure

The European banking index loses around 3,5 % - sharpest decline since April 2025.

Particularly affected:

• HSBC - $HSBA (-0.28%)
• Barclays - $BARC (-1.07%)
• Standard Chartered - $STAN (-1.04%)
• Deutsche Bank - $DBK (-1.82%)
• BNP Paribas - $BNP (-1.59%)
• BBVA - $BBVA (-1%)
• Commerzbank - $CBK (-1.51%)

In the USA also weaker until the US opening:

• Bank of America - $BAC (-3.1%)
• Citigroup - $C (-2.54%)

Reason: Strong Middle East business of many institutions and general risk aversion of investors.

_________________________

✈️ Travel industry collapses

High oil prices and uncertainty weigh heavily on tourism stocks:

• TUI - $TUI1 (-4.96%) (-11 %)
• Lufthansa - $LHA (-7%) (-11 %)

Flights to the region are canceled, travel offers suspended. Investors fear rising costs and falling booking figures.

_________________________

💎 Luxury stocks clearly in the red

The European luxury index loses almost 4 %.

Strongly affected:

• Richemont - $CFR (-3.63%)
• Swatch - $UHR (-1.42%)
• LVMH - $MC (-1.54%)
• Hermès - $RMS (+0.03%)
• Kering - $KER (-1.3%)
• Brunello Cucinelli - $BC (-4.11%)
• Moncler - $MONC (-1.56%)
• Ferragamo - $SFER (-2.96%)

Background:

Luxury is heavily dependent on global travel. Capital flows out of cyclical stocks.

_________________________

🛡 Defense stocks as clear winners

Geopolitical tensions drive up defense stocks:

• BAE Systems - $BA. (+1.69%)
• Lockheed Martin - $LMT (-0.42%)
• RTX - $RTX (-0.37%)
• Kratos - $KTOS (+6.42%)
• Hensoldt - $HAG (+3.61%)
• Leonardo - $LDO (+5.43%)
• Renk - $R3NK (-0.47%)
• Rheinmetall - $RHM (+2.1%)

Partial price increases of 3-6 %.

The focus is particularly on missile defense systems and possible increases in defense budgets.

_________________________

🚢 Shipping companies benefit

Transport values increase due to detour (avoidance of Hormuz, Suez Canal & Bab al-Mandab):

• Maersk - $MAERSK A (-4.87%)
• Hapag-Lloyd - $HLAG (-3.48%)
• Torm - $TRMD A (-0.89%)
• Frontline - $FRO (+3.06%)
• Hoegh Autoliners $HAUTO (+0.72%)

Reason: Shortage of transport capacity and speculation on rising freight rates.

_________________________

🥇 Gold in demand

• Gold price: +2,5 %

Profiteers in mining stocks:

• Evolution Mining - $EVN (-5.11%)
• Northern Star - $NST (-6.54%)

The sector has been showing relative strength for several days.

$4GLD (-1.45%)
$GOLD
$GOLD (-1.65%)

_________________________

📊 Market logic clearly recognizable

Winner:

🛡 Armaments

🚢 Shipping companies

🥇 Gold

₿ Bitcoin (short-term)

Losers:

🏦 Banks

✈️ Travel

💎 Luxury

_________________________

🔎 Conclusion

The market reaction follows the classic pattern of geopolitical crises:

• Risk is reduced
• Capital seeks security
• Energy prices rise
• Defense stocks benefit

The decisive factor remains whether the situation eases diplomatically - or escalates further.

_________________________

Source:

Reuters: Anleger greifen bei Bitcoin als "Fluchtvehikel" zu (Via TradingView)

$DPZ (+0.41%)
$HIMS (+41.54%)
$KTOS (+6.42%)
$DOCN (+3.69%)
$FME (+0.15%)
$KDP (-1.27%)
$AMT (-0.53%)
$HD (-2.43%)
$WDAY (-1.98%)
$FSLR (+2.37%)
$TEM (-2.44%)
$O (-0.38%)
$MELI (-1.95%)
$HPQ (-2.91%)
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$DRO (-2.5%)
$HSBA (-0.28%)
$FRE (+0.85%)
$AG1 (-2.82%)
$CRCL (+8.35%)
$UTHR (+8.29%)
$LDO (+5.43%)
$IDR (-1.36%)
$NTNX (-1.48%)
$PARA (-7.97%)
$NVDA (+1.44%)
$TTD (-3.45%)
$AI (-1.7%)
$CRM (-1.96%)
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$CELH
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$QBTS (-1.11%)
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$ADSK (-0.69%)
$MP (+1.2%)
$RKLB (+0.83%)
$SOUN
$SMR
$CRWV (-1.27%)
$CPNG (-3.29%)
$DUOL

$DPZ (+0.41%)
$D (-0.74%)
$AXSM (+1.2%)
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$HD (-2.43%)
$DOCN (+3.69%)
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$CAVA
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$WDAY (-1.98%)
$TEM (-2.44%)
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$HUT (+0.61%)
$TJX (-1.3%)
$CIRC
$RXRX
$NVDA (+1.44%)
$TTD (-3.45%)
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$IONQ (-1.79%)
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$NU (-1.23%)
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$CELH
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$9888 (+2.44%)
$Q (+0.79%)
$CRWV (-1.27%)
$DELL (-1.43%)
$INOD (-0.21%)
$SOUN
$ZS (-0.94%)
$DUOL
$RKLB (+0.83%)
$AXON (-4%)
$LDO (+5.43%)
$FANG (+1.21%)
$ALV (-1.67%)

$LDO (+5.43%) ...Italian armaments company, builds helicopters and torpedoes for the German submarines, among other things. Owns 20% of Hensoldt AG. Part of the European MBDA Group. New focus on integration and coordination of different air defense areas (drone, cruise missiles,

jets and ballistic missiles) also through mobile fire control stations (decentralized).

NHIndustries was established as a specialized company for the planning, manufacture, implementation, production and logistics support of the NH90 helicopters.

$AIR (+0.25%)

Airbus Helicopters: 62.5 %

of which Airbus Helicopters Deutschland GmbH: 31.25 %

$LDO (+5.43%)

Leonardo Helicopters: 32 %

Fokker: 5.5 %.

Netherlands Aircraft Company

This morning, the Sea Tiger helicopter will be handed over to the German Navy by Federal Minister of Defense Boris Pistorius (SPD) in Berlin. It will be stationed at the naval aviation base in Nordholz.

The NH-90 MRFH Sea Tiger on-board helicopter is the Navy's most modern helicopter. It is specially designed for use on frigates and is intended to help combat submarines, among other things. To this end, it has a diving sonar and a sonar buoy system to locate submarines. It is also designed to monitor the sea space above water with the help of electro-optical sensors and a camera system. The Sea Tiger is armed with torpedoes and anti-ship missiles.

NH-90 Sea Tiger: A "milestone for submarine hunting"

A total of 30 helicopters of this type are to be stationed at Naval Air Wing 5 in Nordholz, Lower Saxony. The first one will be handed over to the Navy in Berlin on Tuesday morning. In the afternoon, it is then expected to arrive at its stationing location with the naval aviators in Nordholz. For the Inspector of the Navy, Vice Admiral Jan Christian Kaack, the Sea Tiger represents a technological milestone for submarine hunting and naval warfare from the air.

https://www.ndr.de/nachrichten/niedersachsen/oldenburg_ostfriesland/marineflieger-in-nordholz-bekommen-hightech-hubschrauber,seatiger-100.html

$BA. (+1.69%)
https://www.mdr.de/nachrichten/welt/osteuropa/politik/ukraine-krieg-nato-waffen-vier-milliarden-zusage-100.html

My research revealed:

In order to get to know the companies behind this deal, I wanted to research this for myself, maybe it will be interesting for you too:

The companies involved in the construction of the Arrow 3 missile defense system are listed on the stock exchange. Here is the current financial data (as of December 3, 2025, 12:55 pm ET for US stock exchanges and 5:25 pm CET for European stock exchanges):

• Boeing (BA):
  $BA (-2.35%) The US company involved in the development is listed on the New York Stock Exchange (NYSE). The current share price is 198.38 USD per share with a market capitalization of around 150.7 billion USD.
• Airbus (EADSY): $EADSY (+0.23%) As a co-owner of MBDA, Airbus is listed on several European stock exchanges and also as an ADR (American Depositary Receipt) in the US. The US share price (EADSY) is USD 57.788. In Europe, the share price is approx. 49.50 EUR per share.
• BAE Systems (BA.L): $BA. (+1.69%) Also a co-owner of MBDA, BAE Systems is listed on the London Stock Exchange. The share price in Germany (XETRA) is around EUR 18.57 per share.
• Leonardo (LDO.MI):
  $LDO (+5.43%) The third co-owner of MBDA, Leonardo, is traded on the Borsa Italiana (Milan). The current share price is EUR 46.61 per share with a market capitalization of approx. EUR 26.9 billion.

The Arrow 3 missile defense system is mainly produced by Israel Aerospace Industries (IAI) and produced by Israel Aerospace Industries (IAI). Israel Aerospace Industries is a state-owned company and therefore not listed on the stock exchange.

The system was developed in collaboration with the US company Boeing and under the supervision of the Israeli Missile Defense Organization (IMDO) and the U.S. Missile Defense Agency (MDA). Boeing is a listed company.

MBDA Germany is the prime contractor and partner of IAI for sales and maintenance in Europe, in particular for the purchase by Germany. MBDA is a private multinational company owned by Airbus (37.5%), BAE Systems (37.5%)
$BA. (+1.69%) and Leonardo (25%), all of which are listed on the stock exchange. $BA. (+1.69%)

It has happened again.

I worked with a stop loss for the second time and it was a disaster again.

The first time I sold "by mistake" $LDO (+5.43%) and then missed a tenbagger. Now I have once again been stopped out at a completely lunar price at $TTWO (+0.34%) . I had put in a stop-loss because I was expecting that the game GTA VI might be postponed again and I wanted to prepare for this wisely

What's the problem? Well, to make a long story short the stop price was €201 and not 196€ of course the thing was triggered after-market again with a gas-sick spread. So of course the whole thing makes no sense and has nothing at all to do with tactical investing.

Of course, in the end it's down to the fancy broker who is once again trying to offer a function that he can't use sensibly with his trading venue.

Now the question is this the case with all neobrokers? I'm sure that stop-loss will work with almost all real commercial banks and special brokers designed for trading - but I only really need the function every few years. But it's an absolute disaster if the stop is only ever triggered 5% below the set stop price because the broker can't set a price.

How is it with Scalable or Smartbroker? Do they work? Which trading venues need to be supported because Lang & Schwarz Exchange doesn't seem to get it right at all.