Early job cuts at Lukoil’s trading desks marked one of the first clear repercussions, while analysts warned that nearly a third of Russia’s seaborne oil could remain stuck in tankers due to rerouting delays and reduced purchases from India and China. Even so, the broader outlook stays soft. 

Gold climbed above $4,190 per ounce, supported by a weaker dollar and uncertainty over delayed U.S. data following the government reopening. Kevin Hassett of the NEC said some October figures may never be compiled due to the interruption. Gains were limited, however, as Fed officials signaled limited appetite for additional easing, with the odds of a December cut slipping from 95% to 50%. 

The US 100 Tech Index fell 2.05% to 25,068, down 1.3% over the month but still almost 23% higher yearly. The euro moved above $1.16, nearing late-October levels as sentiment improved after the U.S. government reopening, while expectations for ECB cuts remain limited. 

Take a look at today's analysis for more market updates!