Oil Prices Surge on US Sanctions Against Rosneft, Lukoil; Dollar Rises Amid US-China Trade Tensions
Key Takeaways
- US sanctions on Rosneft, Lukoil over Ukraine war sent oil prices up 5%.
- Dollar rises amid US-China trade tensions, awaits CPI data; index up 0.1% to 98.805.
- Reuters poll expects ECB to hold deposit rate at 2.00% until 2027.
- MarketWatch projects Robinhood revenue to grow 15.5% CAGR from 2025-2027.
- Indian markets reopen strong after Diwali; festive sales up 25% amid positive trade talks.
Top Stories
US sanctions on Rosneft, Lukoil send oil prices up 5%.
On October 23, 2025, oil prices increased by 5% after the US imposed sanctions on Russian oil suppliers Rosneft and Lukoil due to the Ukraine war. The sanctions are expected to reduce global oil supply.
US dollar index rose 0.1% to 98.805.
On October 23, 2025, the U.S. dollar index rose 0.1% to 98.805 amid concerns over U.S.-China trade tensions.
EUR/USD edges down amid US-China trade concerns, awaits CPI.
On October 23, 2025, the EUR/USD pair edged down to near 1.1600 as the US Dollar bounced back amid concerns over US-China trade relations and anticipation of US CPI data.
ECB expected to hold deposit rate at 2.00% until 2027.
According to a Reuters poll, the European Central Bank is expected to maintain its deposit rate at 2.00% on October 30, 2025, and hold it there until 2027.
S&P 500: Robinhood revenue projected to grow 15.5% CAGR.
On October 23, 2025, MarketWatch highlighted Robinhood as one of the S&P 500 stocks poised for growth, projecting a 15.5% CAGR from 2025-2027.
Indian markets reopen strong after Diwali, festive sales up 25%.
On October 23, 2025, Indian stock markets reopened after Diwali, with retail sales up 25% from last year and positive India-US trade talks.
Financial Analysis
Icelandair Q3 operating income up 6%, net profit down 11%.
On October 23, 2025, Icelandair reported a 6% increase in Q3 operating income to USD 585.3 million, but an 11% decrease in EBIT to USD 74.4 million.
JPMorgan analyzes stock market reactions to US CPI report.
On October 25, 2025, JPMorgan analyzed potential stock market reactions to the upcoming U.S. September CPI report, expecting headline CPI to rise 0.4% MoM.
Ford to announce Q3 earnings, EPS estimated down 26.5% Y/Y.
Ford Motor Company will announce its Q3 2025 earnings on October 23, 2025, with consensus estimates of $0.36 EPS, a 26.5% year-over-year decrease.
Market Insights
Blackstone buys 9.99% stake in India's Federal Bank for $705M.
On October 24, 2025, Blackstone acquired a 9.99% stake in India's Federal Bank for 61.97 billion rupees ($705.05 million) through preferential shares and warrants.
Bankinter shares drop 6% despite 11% profit increase.
On October 23, 2025, Bankinter's shares fell 6% after reporting an 11% increase in net profit to 812 million euros for the first nine months of the year.
Indian stock market closes flat after profit booking.
On October 23, 2025, the Indian stock market, including the Sensex and Nifty, closed flat after experiencing profit booking, with the Sensex up 0.15% and the Nifty up 0.09%.
Risk markets weaken amid US-Russia, US-China tensions.
On October 22, 2025, risk markets showed weaker appetite due to geopolitical tensions, including US-Russia and US-China relations.
Frontdoor Inc. stock hits all-time high of $69.44.
On October 23, 2025, Frontdoor Inc. stock reached an all-time high of $69.44 USD, driven by strong investor confidence and solid fundamentals.
Financial markets face volatility amid trade tensions, data issues.
In the week of October 20, 2025, financial markets experienced increased volatility due to US-China trade tensions and a US government shutdown.
Policy Watch
Farage attacks Bank of England, warns of market repercussions.
As of October 22, 2025, Nigel Farage has increased his criticism of the Bank of England's independence, potentially signaling policy changes under Reform UK.
Gabon denies debt restructuring, focuses on economic growth.
On October 22, 2025, Gabon's Vice President stated the country is not planning a debt restructuring and is focused on economic growth.
UK banking watchdog warns of 'AI bubble,' US credit risks.
On October 22, 2025, the head of the UK's banking watchdog warned of an "AI bubble" and issues in US credit markets.
US jobless claims, home sales data, Fed speeches expected.
On October 23, 2025, financial markets are expected to be shaped by the release of key U.S. economic data and speeches from Federal Reserve officials.
Wage Watch
Japan union to announce 2026 wage hike target.
On October 23, 2025, the Japanese Trade Union Confederation will announce its wage increase target for the 2026 spring labor negotiations, following a 5.25% increase in 2025.