Insignia Consultants | Euro surges on Ukraine ceasefire proposal, tariffs squeeze stocks

Euro surges on Ukraine ceasefire proposal, tariffs squeeze stocks

SINGAPORE, March 12 (Reuters) - The euro was riding at 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 and concern about a U.S. economic slowdown.

European equity futures jumped 0.8% and FTSE futures rose 0.3% after the U.S. said it would restore military aid and intelligence sharing to Ukraine after Kyiv said it would accept a U.S. ceasefire proposal.

https://www.reuters.com/markets/global-markets-wrapup-1-2025-03-12/

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