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The Latest Breaking News from GDP

Everyone, including Spain, should reach 5% defence spending, Estonia's prime minister tells Euronews

In an exclusive interview with Euronews, Kristen Michal urged all NATO members, including Spain, to meet the 5% GDP defence spending target, emphasising the risks the continent faces from Russia.

Euronews

Afternoon Update: PM firm on defence budget; Minns’ team fronts caravan inquiry; and a yakuza turned lawyer

Anthony Albanese pushes back on pressure to increase defence spending to 5% of GDP

The Guardian - AU

France faces €5bn in fresh cuts as debt balloons to record high

France’s public debt rose again in early 2025, reaching just over €3.35 trillion at the end of the first quarter – 114 percent of GDP – official figures showed on Thursday. The government now says it needs to find another €5 billion in savings to rein in the ballooning deficit.

Radio France Internationale

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PM urged to hedge bets by boosting defence spending

Australia's plan for defence spending is a "hedge" against an uncertain future as the US intensifies the call for its allies to increase the money they invest.

AAP

NATO’s 5% of GDP defence target ramps up pressure on Australia to spend vastly more

After lobbying by US President Donald Trump, NATO leaders have promised to boost annual defence spending to 5% of their countries’ gross domestic product (GDP) by 2035.

The Conversation

Nasdaq 100 Index Rallies to Record High on Speculation of Earlier Interest Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.94%. September E-mini S&P futures (ESU25 ) rose +0.75%, and September E-mini Nasdaq futures...

Barchart

Dollar Falls to 3-1/4 Year Low as President Trump Looks to Fast-Track His Pick for New Fed Chair

The dollar index (DXY00 ) on Thursday fell by -0.54%, reaching a 3-1/4 year low. The dollar retreated following a Wall Street Journal report that said President Trump is considering accelerating the announcement of the next Fed Chair. The dollar remained lower on Thursday’s US economic news of a downward...

Barchart

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Trump tariffs: US economy saw stark drop in GDP growth as businesses rushed to secure imports

Revised data shows economy shrank more than previously thought as president’s global trade war loomed and consumer spending softened

The Independent UK

Stocks Supported by Lower Bond Yields and Speculation of Earlier Rate Cuts

The S&P 500 Index ($SPX ) (SPY ) today is up +0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.71%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.58%. September E-mini S&P futures (ESU25 ) are up +0.55%, and September E-mini Nasdaq futures...

Barchart

Dollar Falls as President Trump Looks to Fast-Track His Pick for New Fed Chair

The dollar index (DXY00 ) today is down by -0.49% at a 3-1/4 year low. The dollar retreated today following a Wall Street Journal report that said President Trump is considering accelerating when he will announce the next Fed Chair. The dollar remained lower after today’s US economic news of...

Barchart

Tech Boom Powers US Stock Futures Ahead Of GDP Update

Nvidia hit a new all-time high, briefly becoming the world's most valuable company with a market capitalization of approximately $3.77 trillion.

International Business Times

Stocks See Support on Strength in Chip Stocks and Lower Bond Yields

The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.56%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.18%. September E-mini S&P futures (ESU25 ) are up +0.25%, and September E-mini Nasdaq futures...

Barchart

U.S. economy shrank 0.5% between January and March, worse than earlier estimates revealed

The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump’s import taxes at least temporarily disrupted business, the Commerce Department reported Thursday in a a downgrade from its previous estimate

The Independent UK

NATO's New 5% Target For Defense A Win for Trump; Carney Turns To Critical Minerals

NATO's 32 member states agreed to increase defense spending to 5% of GDP by 2035, representing a significant increase from the long-standing 2% benchmark.

Benzinga

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Barchart

Stocks Climb Before the Open as Trump Fuels Bets on Faster Fed Rate Cuts, U.S. GDP Data in Focus

September S&P 500 E-Mini futures (ESU25) are up +0.33%, and September Nasdaq 100 E-Mini futures (NQU25) are up +0.41% this morning amid speculation that U.S. interest rate cuts could arrive earlier than expected, following a report that U.S. President Donald Trump may nominate the next Federal Reserve chair early.

The Guardian - US

Trump news at a glance: ‘Daddy’ Trump showered with praise on triumphant lap through Nato summit

Trump celebrated commitment by Nato allies to boost defence spending to 5% of GDP. Key US politics stories from Wednesday 25 June 2025

AAP

Australia sticks to guns on defence as allies shell out

Australia is doubling down in resisting US pressure for its allies to lift defence spending, as retaliation is promised for nations refusing to comply.

Al Jazeera

NATO countries’ budgets compared: Defence vs healthcare and education

The decision by NATO members on Wednesday to spend five percent of their GDP on defence could shift budget priorities.

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Al Jazeera

NATO commits to major defence spending hike sought by Trump

The bloc agrees to boost spending to 5% of GDP, but Spain, Belgium and Slovakia say they will struggle to meet target.

Euronews

Defence spend to 5% of GDP, Ukraine, Russia: The key takeaways from the NATO summit

The summit ended with a commitment to spend 5% of GDP on defence - more than double the current target of 2%.

Radio France Internationale

NATO backs defence hike as Trump claims victory, but doubts linger

NATO leaders meeting in The Hague on Wednesday agreed to raise defence spending to 5 percent of GDP and reaffirmed their mutual defence pledge – steps Donald Trump hailed as a “monumental win” for the US, which he says has carried an unfair share of the burden. But while all…

The Independent UK

NATO boss praises ‘Dear Donald’ for pushing alliance to boost defense spending: ‘You made this change possible’

Secretary General Mark Rutte credits Trump with pushing for ‘concrete plan’ to have member nations spend at least five percent of GDP on defense

Euronews

NATO's 1.5%: Is this the devil in the detail that could derail the new spending deal?

The new NATO spending target has a 1.5% for non-military expenses. Its interpretation however is vague and could spark "opportunistic" divisions.

Fortune

NATO leaders want to appease Trump, but spending billions more on the defense alliance ‘would be just crazy for Europeans,’ foreign policy expert says

The spending target the military alliance just agreed on is unlikely to be met by all countries, but experts say some members are moving to bolster their defenses in case of a future Russia conflict.

Benzinga

Fed's Schmid Says 'Wait-and-See' Approach Right For Rate Policy As Tariff Fallout Still Unclear

Kansas City Federal Reserve President Jeff Schmid said on Tuesday that the central bank has sufficient time to analyze rising import tariff impacts on inflation and economic growth before implementing further interest rate cuts.What Happened: “The current posture of monetary policy, which has been characterized as ‘wait-and-see,’ is appropriate,” Schmid…

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