UK Imposes New Russia Sanctions Amid Global Economic Shifts

Stock futures in the U.S. showed muted movement ahead of key economic data releases on consumer sentiment and inflation expectations, while the Bank of England is expected to continue rate cuts despite stagnant GDP growth. The U.K. imposed new sanctions targeting Russian oil ships and defense suppliers amid ongoing geopolitical tensions. U.S. Treasury Secretary Bessent will meet with Chinese Vice Premier He in Madrid to discuss critical national security, economic, and trade issues, including TikTok and anti-money-laundering cooperation, as part of a broader diplomatic visit that also includes meetings in London and a state visit with President Trump to the UK. Meanwhile, the U.S. dollar attempted recovery after recent data pressures, with mixed performance in equity futures and fixed income markets, and commodities like crude oil and metals showing volatility. Trade discussions continue globally, with Mexico facing concerns over tariffs on China and Taiwan seeking more balanced trade terms with the U.S.