GERMANY'S MERZ SAYS ON EU BUDGET CANNOT LESSEN SUPPORT FOR UKRAINE

German Chancellor Friedrich Merz has stated that the EU's upcoming budget cannot come at the expense of support for Ukraine, signaling Berlin's resistance to cuts in Ukraine-related funding during multiannual budget negotiations. The transmission mechanism runs primarily through sovereign risk and geopolitical risk premia: a firm commitment to sustained aid reduces the probability of a funding gap that could strain Ukraine's fiscal financing and raise its country risk, while also reinforcing expectations of EU policy continuity. Ukrainian sovereign debt and hryvnia-denominated instruments are the most directly exposed, as their pricing reflects perceptions of external financing reliability, and Eastern European currencies and bonds may show secondary sensitivity to shifts in EU fiscal solidarity. Traders should watch the forthcoming EU Council negotiations on the multiannual financial framework and any formal allocation figures for the Ukraine Facility, as concrete budgetary numbers will determine whether political assurances translate into durable funding.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.