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  • Mar 11, 2025

Euro buoyed by Ukraine ceasefire proposal, tariffs squeeze stocks

The euro was riding near five-month highs on Wednesday on Ukraine's readiness to accept a month-long ceasefire, while stocks whipsawed on back-and-forth U.S. tariff plans as levies on steel and aluminium imports kicked in. European equity futures jumped 1.1% and FTSE futures rose 0.5% on news the U.S. would restore military aid and intelligence sharing to Ukraine after Kyiv agreed to accept a U.S. ceasefire proposal. Russian Foreign Minister Sergei Lavrov said in an interview published on Wednesday, speaking in the context of a possible Ukraine peace deal, that Moscow will avoid compromises that would jeopardise people's lives, Russian agencies reported.

  • Mar 11, 2025

Dollar strengthens against peers as markets digest inflation data, trade tensions

The U.S. dollar strengthened against major currencies including the yen and the Swiss franc on Wednesday as data showed a slowdown in inflation although global trade tensions suggest that concerns about consumer prices and the economy will continue to weigh on markets. That report comes on the back of a trade brinkmanship between the U.S. and its trading partners, marked by President Donald Trump's unpredictable announcements on tariffs. In the latest episode, the European Union announced on Wednesday that it will impose counter tariffs on 26 billion euros ($28.39 billion) worth of U.S. goods from April, in response to blanket U.S. tariffs on steel and aluminium that came into force earlier in the day.

  • Mar 11, 2025

Oil up 2% on tighter U.S. supplies but tariff concerns loom

NEW YORK (Reuters) -Oil prices rose 2% on Wednesday, as U.S. government data showed tighter oil and fuel inventories than expected, though investors kept an eye on mounting fears of a U.S. economic slowdown and the impact of tariffs on global economic growth. Brent futures rose $1.33, or 1.9%, to $70.89 a barrel at 10:55 a.m. EDT (1455 GMT), while U.S. West Texas Intermediate crude futures gained $1.45, or 2.2%, to $67.70 a barrel. "This evidences stronger demand and could see oil prices rise as a result."

  • Mar 11, 2025

Crypto Sell-Off: 3 Cryptos That Are on Sale in 2025

The "Trump Bump" has turned into the "Trump Dump." Fears around U.S. President Donald Trump's tariff declarations, combined with recession fears, have been a potent double-whammy for both Nasdaq tech stocks and cryptocurrencies. Bitcoin (CRYPTO: BTC) is down 15% for the year, Solana (CRYPTO: SOL) is down 35%, and Ethereum (CRYPTO: ETH) is down 45%.

  • Mar 11, 2025

Gold Holds Gain as Markets Weigh Trade War, US Recession Risks

(Bloomberg) -- Gold held an advance, supported by haven demand after Wall Street was whipsawed by President Donald Trump’s on-off tariff plans and his latest comments downplaying fears of a recession.Most Read from BloombergNYC Congestion Pricing Toll Gains Support Among City ResidentsTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionWhere New York City's Zoning Reform Will Add HousingOpen Philanthropy Launches $120 Million Fund To Support Y

  • Mar 11, 2025

Billionaire Agarwal may invest in US oil service firms to expand Cairn output

India's largest privately owned oil and gas company Cairn India said it may invest in U.S. service and engineering companies as part of a $5 billion plan to grow output five-fold in the coming years, its chairman said on Tuesday. "I want to spend $5 billion on developing my project to get to 500,000 barrels per day production," billionaire Anil Agarwal told Reuters in an interview. Cairn, part of Vedanta Limited, produces 100,000 bpd today.

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