Norway government says that with the proposal for increased appropriations in the defence pledge, defence spending is set to reach 3.5% of GDP by 2035, not including support for Ukraine
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French Unemployment Benefit Claims (Feb) 17.7K (Prev. -26.9K)
Norwegian Sovereign Wealth Fund releases white paper; says it is to review investment strategies with focus on bonds; proposes no changes to deviations framework
Norway government says that with the proposal for increased appropriations in the defence pledge, defence spending is set to reach 3.5% of GDP by 2035, not including support for Ukraine
Israeli Defence Minister Katz says Iran will pay a "heavy and increasing prices" for targeting Israeli civilians; says strikes on Iran will escalate and expand to additional targets and domains that help Iran build and operated weapons against Israel
Newsquawk Daily US Opening News - 27th March 2026
On the Newsquawk feed at , 20 minutes before this page.
Context
Norway's government plans to increase defense spending to 3.5% of GDP by 2035, reflecting a significant shift in priorities potentially driven by regional security concerns. This escalation underscores a broader commitment among EU nations towards strengthening military capabilities, which could influence market sentiment, particularly in defense stocks and commodities like oil and gold as they respond to perceived geopolitical risks.
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