Oil Prices Surge as Houthi Attacks Raise Saudi Supply Fears 
Central Banks Could Buy 20,000 Tonnes of Gold: BofA 
China Home Prices Fall Again as Property Slump Drags on Growth 
BOJ Set to Raise Rates to 1.25% as Inflation Risks Build 
US Treasury Yields Near 5% as Oil Fuels Inflation Fears 
Asian Bank Stocks Slide as BofA Warning and Rising Yields Hit Sentiment 
Saudi Oil Exports Face 4% Global Supply Threat as Pipeline Remains Shut 
Dollar Rises as Fed Hike Bets Weigh on Asian Currencies 
EUR/USD Eyes 1.17 as Fed Decision Could Weigh on Dollar 
Gold Prices Fall as Hot U.S. Inflation Boosts Fed Rate Hike Bets 
Houthis Escalate Saudi Attacks as Red Sea Oil Risks Grow 
Gold Prices Steady as Oil Disruptions Boost Fed Rate Hike Bets 
Goldman Sachs Forecasts Fed Rate Hike as Inflation Risks Rise 
BOJ Flags Import Costs and Yen Shocks as Persistent Inflation Risks 
US Futures Fall as Fed Meeting, Oil Surge Rattle Markets 
Japanese Yen Retreats as Dollar Rises Ahead of Fed, BOJ Rate Decisions 
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Oil surged to $47 a barrel Tuesday, its highest level since in March on Tuesday, due to AstraZeneca's promising coronavirus vaccine that spurred demand recovery hopes and US President-elect Joe Biden's transition to the White House.
AstraZeneca said its COVID-19 shot was 70 percent effective in trials and could be up to 90 percent effective.
Vaccines from Pfizer/BioNTech and Moderna have earlier recorded positive results against the coronavirus.
Brent crude gained 45 cents, or 1 percent, to $46.51 a barrel in morning trade and hit $46.72, its highest since March 6.
Meanwhile, US West Texas Intermediate crude jumped 47 cents, or 1.1 percent, to $43.53.
According to Tamas Varga of broker PVM, he expects next year’s oil demand estimates to be amended upwards as the fight against the coronavirus is intensifying and is proving to be increasingly successful.
Also boosting oil and financial markets was the US transitioning to a Joe Biden presidency.
