Geopolitics Alpha

Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency

Published . Updated .

Key takeaways

  • The student-backed list that won Serbia’s snap election proposes gradually raising defense spending to 5% of GDP, increasing military salaries and modernizing artillery, air defense and drones.
  • Exposed: ITA, XAR, EEM, PPA
  • Market reaction: price tracking starts with the next trading session.

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Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency

The student-backed list that won Serbia’s snap election proposes gradually raising defense spending to 5% of GDP, increasing military salaries and modernizing artillery, air defense and drones.

Directly affected

  • No company is named in this report.

Indirectly affected

  • ITA iShares U.S. Aerospace & Defense ETF+1.1% 30d

    iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story.

  • XAR SPDR S&P Aerospace & Defense ETF-4.4% 30d

    SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story.

  • EEM iShares MSCI Emerging Markets ETF-4.4% 17d

    iShares MSCI Emerging Markets ETF holds stocks listed in emerging markets, which this story is about (“serbia”).

  • CEW WisdomTree Emerging Currency Strategy Fund

    WisdomTree Emerging Currency Strategy Fund holds emerging-market currencies, which move on news like this from emerging markets.

  • LMT Lockheed Martin+9.4% 30d

    Lockheed Martin (guided missiles and space vehicles and parts): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.

  • RTX Rtx-2.0% 14d

    Rtx (aircraft engines and engine parts): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.

  • NOC Northrop Grumman+3.8% 30d

    Northrop Grumman (search, detection, navigation, guidance, aeronautical sys): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.

  • GD General Dynamics+6.0% 30d

    General Dynamics (ship and boat building and repairing): defense contractors gain when military spending rises. Linked by “defense” (defense) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
ITA+3.67%+2.77%baseafter closeafter closeafter closeafter close
XAR+2.91%+0.53%baseafter closeafter closeafter closeafter close
EEM+3.03%+3.88%baseafter closeafter closeafter closeafter close
CEWNo price data for this ticker———————
LMTNo price data for this ticker———————
RTXNo price data for this ticker———————
NOCNo price data for this ticker———————
GDNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency UA.NEWS

Source: UA.NEWS

Price since this story was published: IShares U.S. Aerospace & Defense ETF (ITA)

CompanyWhenMoveStatus
Ishares Tr (EEM)three days earlier+3.88%final price
Ishares Tr (EEM)five days earlier+3.03%final price
IShares U.S. Aerospace & Defense ETF (ITA)three days earlier+2.77%final price
IShares U.S. Aerospace & Defense ETF (ITA)five days earlier+3.67%final price
Spdr Series Trust (XAR)three days earlier+0.53%final price
Spdr Series Trust (XAR)five days earlier+2.91%final price

Congressional stock trades in IShares U.S. Aerospace & Defense ETF (ITA)

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around IShares U.S. Aerospace & Defense ETF (ITA)

Companies carried with this story

  • ITA IShares U.S. Aerospace & Defense ETF

    IShares U.S. Aerospace & Defense ETF (ITA) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency.” Reason on file: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story

  • XAR Spdr Series Trust

    In “Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency,” Spdr Series Trust (XAR) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story

  • EEM Ishares Tr

    For “Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency,” Ishares Tr (EEM) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Emerging Markets ETF holds stocks listed in emerging markets, which this story is about (“serbia”)

  • PPA Invesco Aerospace & Defense Etf

    For “Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency,” Invesco Aerospace & Defense Etf (PPA) is linked, with no stored direction, medium confidence. Reason on file: Invesco Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story

IShares U.S. Aerospace & Defense ETF (ITA)

“Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency” (8 Nov 2026) reaches IShares U.S. Aerospace & Defense ETF (ITA) through this story.

The link for IShares U.S. Aerospace & Defense ETF (ITA) is this: iShares U.S. Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story

Spdr Series Trust (XAR) is here too. Its reason reads: SPDR S&P Aerospace & Defense ETF: it holds defense and aerospace contractors. Linked by “defense” (defense) in this story

The price range for IShares U.S. Aerospace & Defense ETF (ITA), and the dates in the story

EEM traded between 65.24 and 68.87 across 13 sessions. The latest close on file is 65.76. ITA traded between 197.59 and 218.73 across 20 sessions. The latest close on file is 216.38. XAR traded between 210.89 and 237.55 across 20 sessions. The latest close on file is 231.04.

What the saved facts support for IShares U.S. Aerospace & Defense ETF (ITA)

33 out of 100

“Winners of Serbia’s election want to spend 5% of GDP on defense — Anadolu Agency” scores 33 out of 100. The score uses 1 sources, and 4 linked companies.