President Trump expressed confidence that US sanctions on Russia’s top oil companies, Rosneft and Lukoil, would have an impact, despite Russian President Putin’s claims otherwise. Putin acknowledged the sanctions were serious but maintained Russia’s economy remained resilient. The US aims to cut off funding for Russia’s war efforts and encourages allies to join the sanctions.

President Trump has halted all trade negotiations with Canada, citing a recent advertisement featuring Ronald Reagan protesting US tariffs as “egregious behavior.” The $75 million Ontario-funded ad uses Reagan’s words to warn against trade barriers. The Ronald Reagan Foundation has dismissed the ad as a misrepresentation and is considering legal action.

Three Indian companies, Aerotrust Aviation, Ascend Aviation India, and Shree Enterprises, have been sanctioned by the European Union. These firms are accused of supplying restricted items like advanced technologies to Russia’s military, contributing to its defence sector. The EU’s move is part of its 19th sanctions package against Russia over its Ukraine invasion.

The IMF urged Asian nations to reduce non-tariff barriers and enhance regional trade integration to mitigate vulnerability to US tariffs and global economic shocks. Increased intra-Asian trade, particularly in intermediate goods, offers a buffer against external disruptions. Broader trade agreements and voluntary barrier reductions are encouraged to boost regional GDP.

Gold price prediction today: Gold prices are expected to trade within a limited range, leaning towards a bearish outlook, according to LKP Securities. Analysts suggest a cautious approach, advising investors to consider selling on rallies.

Tesla’s quarterly profits dropped for the fourth consecutive time despite increased sales, leading to a 3.5% share decline. While revenue rose, analysts express concern over EV demand uncertainty. Elon Musk is now shifting focus to the company’s ambitious robotaxi and AI projects, including its Optimus robots.

Gold and silver price prediction today: Gold and silver prices are experiencing a downturn due to profit-taking after recent rallies. MCX Gold has corrected from ₹1,31,000 to ₹1,27,000, with potential further dips to ₹1,24,000. MCX Silver has fallen below $50 and ₹1,70,000, targeting ₹1,42,000. Global factors and Fed cues remain key influencers.

Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, soared in opening trade on Thursday. While Nifty50 went above 26,000, BSE Sensex was up over 500 points.

US sanctions on Russia’s top oil companies, Lukoil and Rosneft, triggered a sharp rise in oil prices. This, coupled with robust US energy demand and falling inventories, boosted Brent crude and WTI. Investors also monitored US-China trade talks and a postponed summit with Russia.

Asian markets mirrored Wall Street’s dip on Wednesday, as investors grew concerned about the sustainability of the tech rally. Reports of potential US actions against China’s rare earth curbs and new sanctions on Russia fueled geopolitical jitters. While some corporate earnings disappointed, many companies still exceeded expectations, though a cautious sentiment prevails.