Friday 24th October 2025
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Donald Trump’s sanctions on two big Russian oil producers might be enough to stop India buying from them and could have a profound impact on Putin’s foreign earnings. That’s pushed oil prices higher, whilst equities have been boosted by news that Trump and Xi will meet next week to hammer out a deal.
NAB’s Skye Masters talks through the market response to the day’s news, plus a preview of the long-awaited CPI numbers, held back because of the government shutdown. There are concerns that it might not be as reliable as previous data. It’s certainly less timely.
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