1) Biden vows more sanctions on Russia
The U.S. President Joe Biden said on Thursday that Washington will introduce a new wave of sanctions against Russia to cut Moscow off from the global economy.
The penalties of this sanction could be trillions in assets, including specific measures against banks.
Meanwhile, the U.S. also ordered additional troops to station in Germany as NATO allies are strengthening their defenses in Europe.
2) MSCI will include Russian securities in Feb Review
MSCI stated that it will not implement changes on Russian securities as part of its February review, following U.S. and other countries sanctions on Moscow. The statement came after an American finance company previously announced that it would exclude Russian securities from the review.
3) Japan willing to release oil reserve
The Japanese government said on Friday, indicating a willingness to join other countries in releasing oil reserves in cooperation with the International Energy Agency to curb oil price, especially after the Russian invasion on Ukraine that could disrupt global energy supply.
4) US stocks made a comeback after shaking off Russia-Ukraine fight
Wall Street shook off Russian invasion fear with a sharp reversal on Thursday to close higher for a massive comeback after a decline in early session.
Dow Jones gained 0.28% at the closing. Meanwhile, S&P 500 closed 1.5% higher and Nasdaq rose 3.34%.
