FOREX: NZD Consolidates Session Gains Above 0.5950

SX5E (20/03/26) 5550/6000cs 1x2, bought for 49.5 in 3k.

European Commission President Ursula von der Leyen has stated in a speech at the Royal Danish Military Academy in Copenhagen that Europe “must get ready for war,” following a period of “underinvestment” and “complacency” in defence policy. 

• Von der Leyen says: “By 2030, Europe must have strong defence posture," says the EU's 'Readiness 2030' means "to have re-armed and developed capabilities to have credible deterrence.”
• Says that tomorrow the EU will unveil a ‘roadmap’ for ‘Readiness 2023’ which will cover four key priorities and detail 800 billion euros of spending. VDL says the roadmap will cover joint procurement that will allow the EU to “buy faster and buy more European.”
• Von der Leyen says that the first priority for Europe is a “surge in defence spending”. Says the EU must develop “large-scale projects” and “step up collaborative procurement”.
• Von der Leyen adds that the EU will set up a joint task force with Ukraine to “coordinate military support”, and the bloc is working to break new ground on security with the UK.”
• Von der Leyen says that decisions to ramp up defence spending taken by Denmark and Germany (today) are “both historic and necessary.”

• US TSY 52W AUCTION: NON-COMP BIDS $1.218 BLN FROM $48.000 BLN TOTAL