German auto stocks fall 1.2% to 2.2% in pre-market trading after President Donald Trump announces a 25% tariff hike on German vehicles.

Germany approves 2027 budget, raising core defense spending to €105.8 billion and allocating €11.6 billion for Ukraine support. Total federal spending for the year is set at €543.3 billion.

The German government has approved its 2027 budget framework, which includes €11.6 billion in aid for Ukraine and an increase in core defense spending to €105.8 billion.

UK borrowing costs hit their highest level since 1998 as global oil prices surge. The rise in yields reflects ongoing market pressure on government debt.

UK government borrowing costs have reached their highest level since 1998, coinciding with a sharp increase in global oil prices.

Acting comptroller Jules Hurst estimates the cost of the conflict in Iran at $25 billion, according to testimony provided to the House Armed Services Committee on Wednesday.

Acting comptroller Jules Hurst testified before the House Armed Services Committee that the ongoing conflict in Iran has cost approximately $25 billion.

Brown-Forman shares plunged after the Jack Daniel's maker said it ceased short-lived merger talks with France's Pernod Ricard.

Brown-Forman’s stock plummeted after the Jack Daniel’s whiskey maker announced it ceased short-lived discussions with French counterpart Pernod Ricard about a potential combination.