Today's stock markets, October 23. Markets remain cautious, while oil soars after new US sanctions.

MILAN – European stock markets are recovering cautiously, with investors eyeing renewed trade tensions and upcoming company quarterly reports. New US sanctions against Russia are pushing oil prices up a handful of percentage points. Stocks are falling in Asia following Reuters's speculation of a possible US crackdown on software exports to China in retaliation for Beijing's restrictions on the sale of rare earths abroad.
Oil prices jump 4.3% amid US sanctions on Russia.
Oil is rising sharply amid U.S. sanctions on Russian oil giants. WTI is up 4.3% at $60.97 a barrel. Brent crude gained 4.2% to $65.23.
Gold prices rise again, futures price up 1.5% to $4,126 an ounce
Gold prices are rising again after days of heavy selling due to profit-taking and the easing of US-China trade tensions. Spot prices are up 0.32% at $4,111.66 an ounce, while December futures prices are up 1.51% at $4,126.76 an ounce.
Europe is cautiously rising, with Leonardo and Eni leading the way in Milan (+0.3%)
European stock markets opened the day cautiously higher despite the recent negative session on Wall Street, in a climate still affected by renewed trade tensions between the US and China. The Trump administration is reportedly considering restricting software exports to Beijing.
Chinese markets close higher
Chinese stock markets closed higher today, with the Shanghai index up 0.22% at 3,922.41 points. The Shenzhen index closed up 0.22% at 13,025.45 points.
Europe opens positively
The main European stock markets opened positively. Frankfurt rose 0.21% to 24,208 points at the start of the session. Paris rose 0.23% to 8,225 points. London was the best performer, up 0.33% to 9,546 points.
Oil prices surge after new US sanctions
Oil prices are rising on commodity markets: WTI crude for December delivery climbs above $60 a barrel, trading at $60.81, an increase of 3.97%. Brent crude for December delivery also rises, trading at $64.94 a barrel, an increase of 3.75%.
Asia in decline
Asian stock markets closed lower after a week that began positively. Market jitters are driven by a number of factors. Investors fear renewed trade tensions between the US and China. The quarterly results of major listed companies are also in the spotlight. Tokyo closed down 1.35%. On the currency front, the yen continued to depreciate against the dollar, to 152.58, and against the euro, to 176.89. While trading was still ongoing, Shanghai (-0.2%), Shenzhen (-0.26%), and Seoul (-0.98%) also fell. Hong Kong (+0.36%) and Mumbai (-0.9%) rose. On the macroeconomic front, inflation is expected from the United Kingdom, while EIA data on crude oil inventories and production are coming from the United States. The U.S. is expected to auction $13 billion in 20-year Treasury bonds.
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