What was designed to be another day in the markets has turned to Tuesday afternoon us trade after Ukraine accepted a Trump administration proposal for a 30-day ceasefire in his war with Russia.
Russia has not yet weighed in, but the agreement is linked to that country’s acceptance, according to a joint statement of Ukraine and the United States after a meeting in their delegations in Saudi Arabia.
As part of the agreement, the United States will immediately lift a break on intelligence and military assistance to Ukraine, the statement continued.
Merchants also facilitate
Help for the mood, Ontario Premier Doug Ford agreed to suspend a 25% electricity export tax he had introduced against a number of US states.
The supplement was made in retaliation to 25% duty Trump had placed on Canadian imports last week. Trump, who shoots back on it, had earlier Tuesday threatened to double this customs to 50% for steel imports and aluminum from the American neighbor to the north.
Markets get
Adding to yesterday’s big losses, the markets were again sharply lower before the news, but Nasdaq has moved into the green by 1.25% and S&P 500 by 0.4%.
Crypto markets have also gotten nicely higher, with Bitcoin (BTC) now up by 7% over the past 24 hours to $ 83,300 after losing as low as $ 76,000 overnight. Ether (ETH) is ahead of 5.6% and Solana’s (sun) with 10%.
