Euro Rises with Ukraine Optimism While Stocks Fall on Tariff Uncertainty

GLOBAL MARKET - NEW YORK. Ukraine's acceptance of a U.S. proposal for a ceasefire with Russia briefly pushed the euro to a five-month high while equities fell in Tuesday's choppy session as investors worried about a lack of clarity on tariffs.

The euro added to earlier gains and European stock futures pared some losses after Ukraine agreed to an immediate 30-day ceasefire during talks with U.S. officials in Saudi Arabia. However, Russia has not yet responded to the proposal.