Edited by: Cheng Peng, Du Yu

According to local media reports on October 24,On October 23, Russian President Vladimir Putin said in an interview with the media that the U.S. imposition of new sanctions on Russia was intended to put pressure on Russia, but would not have a significant impact on the Russian economy.

Putin said the new U.S. sanctions were clearly an unfriendly move and did not contribute to strengthening the newly restored Russian-US relations, stressing that Russia has always supported the continuation of dialogue, while believing that if Russia and the U.S. "can engage in serious discussions on the long-term future, including in the economic sphere, the two sides will have room for cooperation in many areas."

Regarding the latest remarks of U.S. President Trump about the meeting of U.S. Russian leaders, Putin said that when he talked to Trump on the 16th, it was Trump himself who proposed to hold a meeting, and the location in Budapest, Hungary's capital, was also Trump's proposal.

Putin said,Given the current situation, the U.S. president decided to cancel or postpone the meeting, more precisely, Trump said it was postponing the meeting.Putin reiterated that dialogue is always better than any form of confrontation and far better than war, so the Russian side has always advocated the suggestion of dialogue, and this position has not changed so far.

In response to Ukrainian President Zelensky¡¯s remarks about Ukraine¡¯s possible acquisition of 3,000-kilometre-range weapons, Putin said it was an attempt to escalate the situation, and if such weapons were used to strike Russian territory, Russia¡¯s response would be very harsh, ¡°they¡± should think clearly about it.

The U.S. Treasury Department announced on Monday that it will impose sanctions on Russia¡¯s two largest oil companies, Russian Petroleum Corporation, and Lukas Petroleum and its subsidiaries.And urged Russia and Ukraine to cease fire immediately.

US Treasury SecretaryBessent said in a statement that the U.S. sanctions targeted the Russian state-owned Russian oil company and the private-owned company Lukas Petroleum.The two companies¡¯ crude oil exports account for 50% of the total Russian crude oil exports.In his statement, Besent accused Russia of refusing to cease fire and accused sanctioned Russian oil companies of providing funds for Russia's special military operations against Ukraine.

Also, the same dayThe EU member states have agreed on the 19th round of sanctions against Russia. The rotating EU presidency of Denmark announced that EU member states have approved the 19th round of sanctions against Russia.This round of sanctions against Russia mainly concerns areas such as energy and finance.The European Union will ban Russian LNG from entering the European market for the first time.The sanctions also added travel restrictions for Russian diplomats and included 117 ships of the Russian Shadow Fleet on the list.

On the 23rd local time, the White House said that US President Trump believed that Russia had insufficient actions in peace, and Trump was increasingly disappointed, hoping to see action rather than empty talk to end the conflict.

White House also said a meeting with Russian President Vladimir Putin was not entirely impossible.U.S. White House Press Secretary Levitt said at a news conference, ¡°I think the president and the entire government hopes that one day we will meet again, but we want to ensure that this meeting will bring tangible positive results.¡±

Trump confirmed on the 22nd that he had cancelled the recent meeting plan between the leaders of the United States and Russia because the current meeting would not achieve results. He will meet with Putin "sometime in the future".

Trump sanctions Russian oil industry,International crude oil increases by more than 5 percent

Analysts: Low oil prices leave room for U.S. escalation

On the 22nd local time, the U.S. Treasury Department announced that it would impose sanctions on two major Russian oil companies, including Rosneft and Lukoil. The U.S. Treasury Department has also sanctioned a series of subsidiaries of these two companies in Russia, and all entities directly or indirectly owned by these two companies with 50% or more equity will be sanctioned.

According to data company Kpler, Lukoil and Rosneft together account for more than half of Russia's crude oil exports. Trump's move came after former U.S. President Biden imposed sanctions on Russia's third and fourth largest oil producers in January this year.

According to the Financial News Agency,Bob McNally, former President George W. Bush¡¯s energy adviser and current president of Rapidan Energy, said that weakening oil prices gave President Trump ¡°space of action¡± to fight Russia and protect American car owners from rising oil prices.

According to McNally¡¯s analysis, there could be an oil market surplus in 2026, which would provide more room for Trump to further escalate sanctions next year, when he might directly target Russian exports.

This sanction surprised the market. Although Trump has beenThe emphasis was placed on keeping oil prices low, but after the news, U.S. crude oil prices soared the same day, breaking the $60/barrel threshold.On October 23, the international crude oil futures settlement price rose significantly. WTI crude oil futures rose 5.62 percent, $61.79 per barrel. Brent crude oil futures rose 5.43 percent, $65.99 per barrel.

McNally believes that the market was "caught off guard" after the news was announced, and oil prices may have begun to take into account the impact of sanctions. The subsequent trend depends on the strictness of sanctions enforcement. If easing is implemented, U.S. crude oil prices may fall back to the $50/barrel range; If the White House takes a tough line, oil prices may continue to rise.

On Monday, U.S. West Texas neutral crude (WTI) futures prices hit a five-month low, a cumulative drop of 14 percent over the year.Oil markets have been under pressure amid concerns that OPEC+ production growth and trade tensions have revived the global economic slowdown.

Helima Croft, head of global commodity strategy for RBC capital markets, said in a report to customers that the sanctions were the most substantial attempt by the United States so far to curb Russian revenue.

Croft said that the White House may think it is the right time to make a move-there is still one year before the mid-term elections in the United States.

On October 23, local time, the three major indices of the U.S. Stock Exchange collectively risen, the index increased by 0.89%, the SPEC 500 index increased by 0.58%, and the index increased by 0.31%.

Most large technology stocks rose, with Intel rising more than 3%, Tesla rising more than 2%, Amazon and Nvidia rising more than 1%, Apple, Google, Meta, and Microsoft rising slightly; Netflix falling slightly.

Intel's third-quarter revenue was US$13.65 billion, a year-on-year increase of 2.8%; third-quarter adjusted gross margin was 40%, and the market forecast was 36.1%; third-quarter adjusted earnings per share were US$0.23, compared with a loss per share of US$0.46 for the same period last year. Intel expects fourth-quarter revenue of US$12.8 billion to US$13.8 billion; expects fourth-quarter adjusted gross margin of 36.5%; and expects fourth-quarter adjusted earnings per share of US$0.080, with the market estimate of US$0.10. As of press time, Intel was up 7% after hours.

The Nasdaq China Golden Dragon Index closed up 1.66%, and popular Chinese concept stocks rose collectively. Alibaba rose 3.64%, Baidu rose nearly 3%, JD.com rose more than 2%, Xiaopeng Motors and NetEase rose more than 1%.

The rich time A50 period indicates a continuous night plate increase of 0.34%, reporting 15,339 points.

Recently, many foreign giants such as Goldman Sachs, JPMorgan Chase, and Morgan Stanley have voiced themselves one after another, actively optimistic about the market outlook.

Goldman Sachs in the latest report on October 22 noted that the Chinese stock market is moving into a slow bull trend, and the main stock index is expected to rise by about 30% by the end of 2027. the agency also said that as the bull market develops, the investor's thinking model should shift from "high down" to "low buy".

According to the analysis of the stock strategy analysis team of the Goldman Research Department, the MSCI China index has rebounded by 80% compared to the bottom of the cycle at the end of 2022, but has experienced four major retreats.We currently believe that the Chinese stock market will enter a more sustained upward trend, and the main stock index is expected to rise by about 30% by the end of 2027, driven by the trend of profit growth of 12% and further upward valuation of 5% to 10%.

On October 21, Morgan Stanley's chief Chinese stock strategist Wang Yong said that, in terms of the overall distribution of global investors, the holdings of Chinese stock assets are still at a relatively low level.

At the close of October 23, spot gold rose 0.7% to US$4,126.49 per ounce;COMEX gold futures rose 1.91% to US$4,143.2 per ounce. as ofAt 8:25 am, cash gold and silver rose slightly.

According to media reports, analysis suggests that in recentThe decline in gold is mainly due to some investors' profitability, in addition, the decline in geopolitical risks and the emergence of periodic tensions in dollar liquidity have also accelerated the decline of precious metals such as gold and silver.

However, a number of major factors on the 23rd pushed gold to continue to rise, and on October 22, Goldman Sachs analysts Lina Thomas and Daan Struyven released a report reaffirming their target price of $4,900/ounce by the end of 2026 and stressing that this forecast even exists "upward risk."

Goldman Sachs believes that the current sell-off is mainly caused by the liquidation of speculative positions and the spillover effect of the silver market, rather than the deterioration of fundamentals. The real "smart money", structural buying including central banks, ultra-high net worth individuals and long-term asset allocation institutions, continues to flow in.

In addition, JPMorgan¡¯s strategist noted in a report on Wednesday that the Fed could end quantitative austerity at the October Federal Open Market Committee (FOMC) meeting next week, given the tightening of financial conditions this week.

JPMorgan Chase currently expects that in addition to ending its balance sheet reduction at its October meeting, The Fed will also immediately initiate temporary open market operations, particularly to ease funding pressures at the end of the balance sheet, fiscal year Canada and other periods, and is expected to initiate Treasury reserve management purchases early in the first quarter of 2026, as the reserve-to-nominal GDP ratio remains higher than it was in September 2019 and funding markets are not as tight as they were then.

Previously, the Federal ReserveThe PresidentPowell revealed that the Fed may be about to complete its long-standing balance sheet cuts, namely quantitative austerity policies, the main goal of this policy is to ensure sufficient liquidity within the financial system.

(Declaration: The contents and data of the article are for reference only and do not constitute investment advice.

Edited | | |by Duo Duo

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Cover source: vision china (data map)

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