Defence stocks rise in India39;s plan to triple exports
Sweden39;s Castellum leads real estate stocks lower
Energy stocks decline after oil prices retreat

Feb 13 Reuters European shares rose on Monday as defence stocks jumped on news of India aiming to triple its defence exports, while a fall in real estate stocks on disappointing quarterly results from Sweden39;s Castellum countered gains.

The panEuropean STOXX 600 rose 0.3, with shares of Swedish defence equipment maker SAAB jumping 5.9 to the top of the index.

Shares of Thales, Airbus and Rheinmetall rose between 1.1 and 1.5 after India said it wants to more than triple its annual defence exports to 5 billion by 202425 as it looks to ramp up domestic manufacturing.

Limiting the advance in European stocks was a 0.6 fall in the real estate sector index.

Stockholmlisted Castellum slid 2.9 as the company unveiled plans for a rights issue and its board did not propose a dividend.

Investor sentiment recently has been dominated by the U.S. Federal Reserve39;s hawkish rhetoric, with many officials stymieing investor hopes of the central bank39;s aggressive tightening cycle coming to an end anytime soon.

European shares posted their first weekly decline in three on Friday, with analysts now pointing to bonds as a viable alternative to equities as a surge in U.S. Treasury yields made them more attractive.

A big theme in recent years is that there39;s no alternative to equities given where yields are but now there39;s…