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    Stocks up with yields; US inflation, Ukraine optimism offset tariff fears

    Team_NewsStudyBy Team_NewsStudyMarch 12, 2025 Trending News No Comments2 Mins Read
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    Whereas the euro was down 0.3 per cent at US$1.0885, in opposition to the Japanese yen, the greenback strengthened 0.42 per cent to 148.39.

    However the Canadian greenback strengthened 0.56 per cent versus the buck to C$1.44 per greenback and in opposition to the Swiss franc, the greenback weakened 0.03 per cent to 0.882.

    The Russian rouble reached a greater than six-month excessive on Tuesday, however pulled again on Wednesday, weakening 1.75 per cent in opposition to the buck to 87.146 per greenback.

    Oil costs rose as US authorities information confirmed tighter oil and gasoline inventories than anticipated, although traders saved an eye fixed on mounting fears of a U.S. financial slowdown and the affect of tariffs on international financial progress.

    US crude settled up 2.16 per cent or US$1.43 at US$67.68 a barrel whereas Brent settled at $70.95 per barrel, after rising 2 per cent or 1.39 per cent on the day.

    Protected-haven gold rose, aided by tariff uncertainty and the cooler US inflation report.

    Spot gold rose 0.64 per cent to US$2,935.02 an oz.. U.S. gold futures rose 0.8 per cent to US$2,936.20 an oz..

    Elsewhere in metals, copper rose 1.29 per cent to US$9,787.00 a tonne however three-month aluminum on the London Steel Trade fell 0.02 per cent to US$2,705.15 a tonne.



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