Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil prices jumped more than $1 per barrel on Thursday, extending the previous session’s gains, after the United States imposed fresh sanctions on Russian oil majors Rosneft and Lukoil in response to Moscow’s ongoing war in Ukraine.
Brent crude futures rose $1.76, or 2.81%, reaching $64.35 per barrel by 0041 GMT, while U.S. West Texas Intermediate (WTI) climbed $1.68, or 2.87%, to $60.18. The surge followed Washington’s announcement of measures aimed at cutting off key funding sources for the Kremlin’s war efforts.
“Given President Putin’s refusal to end this senseless war, Treasury is sanctioning Russia’s two largest oil companies that fund the Kremlin’s war machine,” U.S. Treasury Secretary Scott Bessent said. The U.S. also warned that further action could follow unless Moscow agrees to an immediate ceasefire.
The move comes after the United Kingdom sanctioned Rosneft and Lukoil last week, and the European Union approved its 19th sanctions package, which includes a ban on Russian liquefied natural gas (LNG) imports. Meanwhile, the U.S. has urged Japan—one of the major buyers of Russian LNG—to halt its purchases as Washington intensifies global efforts to isolate Russia’s energy sector.
Market analysts say the sanctions have provided short-term support for crude prices, although the reaction has been relatively measured due to past experiences with diluted or delayed sanctions. “While the sanction news has buoyed crude oil prices, the rise has been modest given the challenges in enforcing such measures,” noted Tony Sycamore of IG.
Both Brent and WTI futures spiked by more than $2 per barrel immediately following the sanctions announcement, fueled further by signs of growing U.S. energy demand, according to data from the Energy Information Administration (EIA).
