Rheinmetall gets extra boost from bets on end to Germany debt brake
** Rheinmetall RHMG.DE up 8.2%, set for biggest one-day gain since Sept. 2022, helped by bets on higher defence spending in Europe following the election of Donald Trump as U.S. president
** Analyst and traders also say expectations that Germany could scrap its debt brake following the firing of fiscally conservative Finance Minister Christian Lindner also helped shares in the German arms group
** "Trump will demand higher spending from Europeans. Fact. Prospects of scrapping the debt brake in Germany adds to positive thoughts," says one Frankfurt-based trader
** Rheinmetall CEO Armin Papperger says he expects debt brake to come to an end soon and security spending to rise
** Rheinmetall, up nearly 90% YTD, outperforms broader aerospace and defence index .SXPARO, up 1.6% on the day at fresh record high. Company earlier said it was on course for record sales growth
Reporting by Danilo Masoni; Editing by Amanda Cooper
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