S&P 5007,683.69▼0.8% Nasdaq26,820.38▼0.9% Dow51,481.51▼0.7% Russell 2K2,817.91▼0.7% 10-Yr5.24%+6bp VIX16.07+1.20 WTI$93.42▲1.1% Gold$4,147.50▼4.0% EUR/USD1.137▼0.1% BTC$83,817▲0.2% Nikkei65,339▼1.6%
At close · Tue, Sep 29, 2026
Daily Market Updates.

Global Markets

Home›Global Markets›Europe›European leaders urge major cuts to fund proposed 2 tr…

European leaders urge major cuts to fund proposed 2 trillion euro defense budget

Six European leaders said budget cutbacks are needed to finance a proposed 2.0 trillion euro plan.

Reported · Written up by our desk · Europe

CNBC World reports that six European leaders are calling for major cutbacks to a proposed European budget to help fund defense needs.

The group said the cuts are essential to cover a plan sized at 2 trillion euros, according to the report.

← Newer storySingapore appoints 5 asset managers for S$1.45B equity push

More like this

Global MarketsUK GDP growth revised to 0.5% for April to June
Global MarketsReal-world data shows weight loss after switching to Wegovy pill
Global MarketsWealth of UK energy and food magnates rose as essentials costs climbed
Global MarketsRussia steps up attacks on Kyiv data centers and communications infrastructure
Global MarketsCrude-linked Indian stocks rise as oil prices fall

Sources

CNBC WorldDrastic budget cutbacks essential to fund Europe's defense, Germany and allies warn

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.