Forex: The dollar was little changed at an eight-month peak against the other major currencies on Thursday, as trading volumes were expected to remain thin with U.S. markets closed for the Thanksgiving holiday. USD/JPY edged down 0.16% to 122.56.
The greenback remained broadly supported after a string of upbeat U.S. data on Wednesday added to expectations that the Federal Reserve will raise interest rates next month.
Policy Makers: No agreement was reached among leaders at this month's Group of 20 summit in Turkey to extend sanctions against Russia over its intervention in Ukraine, Italian Foreign Minister Paolo Gentiloni said on Thursday.
A senior European diplomat told Reuters this week that Western leaders at the G20 in Antalya agreed on the margins of the meeting to extend the sanctions, which are due to expire in January, by six months to until July next year..
"No decision regarding the sanctions was taken at the G20 in Turkey," Gentiloni told the Chamber of Deputies.
Commodities: Oil prices declined in holiday-thinned trade on Thursday, amid uncertainty about how quickly the global glut of crude is set to shrink.
On the ICE Futures Exchange in London, Brent oil for January delivery slumped 72 cents, or 1.55%, to trade at $45.45 a barrel during U.S. morning hours. A day earlier, prices inched up 5 cents, or 0.11%.
Saudi Arabia said earlier this week that it is prepared to use all measures necessary to ensure a stable oil market. The world's biggest oil producer added that it is ready to cooperate with OPEC and non-OPEC producers in order to stabilize prices.
But on Wednesday, Saudi Aramco, the Kingdom’s largest oil producer, said it will not cut production in 2016, but will meet customer's demands.
Commodities: Gold prices were little changed on Thursday, as trading conditions remained thin with markets in the U.S. closed for the Thanksgiving Day holiday
Gold for December delivery on the Comex division of the New York Mercantile Exchange inched up 70 cents, or 0.07%, to trade at $1,070.70 a troy ounce during U.S. morning hours, not far from last week's six-year low of $1,062.00.
Trade volumes were expected to remain light on Thursday, with Comex floor trading scheduled to remain closed for Thanksgiving. An abbreviated session was slated for Friday.
Economic Indicators: Spain’s gross domestic product rose last month, official data showed on Thursday. In a report, Instituto Nacional de Estadistica said that Spanish GDP rose to 0.8%, from 0.8% in the preceding month. Analysts had expected Spanish GDP to rise 0.8% last month.
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