The euro extended its gains and was last up 0.28% at $1.082, having traded at $1.0797 earlier, while government bond yields edged up. Germany's two-year bond yield traded at 2.25%, versus 2.22% just before the decision, while Italian bond yields edged up. European stocks were last down 0.6%.

Countries that have faltered on defense spending for decades held emergency talks in Brussels to explore new ways to beef up their security and ensure future protection for Ukraine.

The euro edged higher after the European Central Bank cut interest rates but signaled it could move cautiously with further easing. The euro rose 0.3% to $1.082. It had been flat

Inflation in Europe eased to 2.4% in February, supporting the case for another interest rate cut from the European Central Bank but leaving open how far the central bank will go in lowering borrowing costs.

The euro rebounded from a 2-1/2-week low against the U.S. dollar on Monday and sterling also advanced with Europe taking the lead in a renewed push for peace in Ukraine. The Canadian dollar and Mexico peso rose after U.

The European Commission has proposed borrowing up to 150 billion euros to bolster EU defence as a response to Russia's actions and uncertainty over U.S. protection. This move represents a significant shift in Europe's policy,

European markets were lower Tuesday with all eyes on U.S. President Donald Trump’s import tariffs going into effect.

The Financial Times highlights key international developments: Germany strikes a substantial defense deal amid plans to revamp spending, Apple's legal battle with the UK over cybersecurity demands, Deutsche Bank's hefty fines for regulatory lapses,

European markets are heading for a sharply lower open after President Donald Trump on Wednesday threatened to impose 25% tariffs on EU imports.