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Stocks
MORNING BID EUROPE-Ukraine talks lift euro but tariff worries linger
A look at the day ahead in European and global markets from Ankur Banerjee The euro EUR=EBS hit a five-month peak and European bourses were poised to open higher on Wednesday as progress towards a ceasefire in Ukraine bolstered investor sentiment, but worries lingered that tit-for-tat tariffs co...Reuters
Wed, Mar 12
Commodities
US keeps Iran gas waiver but ends power exemption, says Iraqi PM adviser
CAIRO, March 12 (Reuters) - The Iraqi prime minister's foreign affairs adviser, Farhad Alaaeldin, told a local Iraqi TV channel on Wednesday that the waiver guaranteed by the United States on importing Iranian gas has not been revoked and is still in effect. The exemption on imported power, thou...Reuters
Wed, Mar 12
Commodities
EU to impose counter tariffs on over $28 billion of US goods
March 12 (Reuters) - The European Union will impose counter tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods from next month in response to U.S. tariffs on steel and aluminium, the European Commission said in a statement on Wednesday.($1 = 0.9178 euros)Reuters
Wed, Mar 12
Stocks
Trump's steel, aluminum tariffs take effect as US-Canada trade war intensifies
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired, as his campaign to reorder global trade norms in favor of the U.S. stepped up.Reuters
Wed, Mar 12
Forex
EUR/JPY climbs above 161.50 amid a slight uptick in global risk sentiment
EUR/JPY continues its upward momentum for the second consecutive day, trading around 161.60 during Wednesday’s Asian session. The pair strengthens as the Japanese Yen (JPY) weakens amid concerns that US President Donald Trump may introduce new tariffs on Japan.
Fxstreet
Wed, Mar 12
Stocks
Goldman Sachs lowers S&P 500 year-end target to 6,200
March 12 (Reuters) - Goldman Sachs has trimmed its 2025-end target for the S&P 500 Index .SPX to 6,200 from 6,500, citing increased policy uncertainty, particularly on tariffs, and worries about the economic growth outlook.The target is 10.6% higher than the index's last close of 5,572.07.Reuters
Wed, Mar 12
Other
Spotify says it paid $10 billion in royalties in 2024
March 12 (Reuters) - Spotify SPOT.N said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year.Nearly 1,500 artists earned over $1 million in royalties from Spotify last year, the Swedish streaming giant said.Spotify said its yearly payout t...Reuters
Wed, Mar 12
Commodities
Gold price consolidates near weekly high; looks to US CPI for fresh impetus
Gold price (XAU/USD) trades near the weekly high during the Asian session on Wednesday and looks to build on the previous day's goodish rebound from the $2,880 region, or a one-week low. Investors remain worried about the potential economic fallout from US President Donald Trump's trade tariffs...
Fxstreet
Wed, Mar 12
Stocks
India's Carysil rises after deal with US firm
** Shares of Carysil Ltd CARY.NS rise as much as 5.3% to 531.9 rupees ** Kitchen appliances maker enters into agreement with KARRAN INC., U.S. for supply of quartz kitchen sinks to fulfill requirements of a U.S. home retail chain** Adds, co will make an initial investment of $510,000 in molds, machi...Reuters
Wed, Mar 12
Cryptocurrencies
Bitcoin Struggles Below $82K While Coinbase Premium Rises—What’s Next?
Bitcoin continues to face challenges in regaining upward momentum, with the cryptocurrency still trading below $82,000 as of today. The asset remains 25.1% below its all-time high of $109,000, recorded in January. Over the past 24 hours, BTC has seen an additional 0.7% decline, reflecting ongoing ma...NewsBTC
Wed, Mar 12
Commodities
UK's Reynolds says disappointed US imposed tariffs on steel and aluminium
March 12 (Reuters) - Britain's trade minister Jonathan Reynolds said on Wednesday he was disappointed the U.S. imposed tariffs on steel and aluminium, while adding that the UK is negotiating a wider economic agreement with the U.S.Reuters
Wed, Mar 12
Other
Russia says it downs 21 Ukrainian drones overnight
March 12 (Reuters) - Russian air defence units intercepted and destroyed 21 Ukrainian drones overnight, the Russian defence ministry said on Wednesday. Twelve of the drones were downed over the territory of the Bryansk region that borders Ukraine, the ministry said on the Telegram messaging app, whi...Reuters
Wed, Mar 12
Stocks
Stitch Fix (SFIX) Q2 2025 Earnings Call Transcript
Image source: The Motley Fool.Stitch Fix (NASDAQ: SFIX)Q2 2025 Earnings CallMar 11, 2025, 5:00 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day and welcome to the second quarter fiscal year 2025 Stitch Fix earnings call. At this time, al...The Motley Fool
Wed, Mar 12
Economic Indicator
Japan's wholesale inflation hits 4%, keeps BOJ rate-hike bets alive
February wholesale inflation matches forecast, slows from JanuarySpike in food costs somewhat offsets fuel subsidy impactYen-based import prices fall 0.7% yr/yr in FebruaryData underscores sustained inflationary pressureBy Leika Kihara TOKYO, March 12 (Reuters) - Japan's annual wholesale infl...Reuters
Wed, Mar 12
