Wall Street is in the green ahead of the Thanksgiving holiday period as the Federal Reserve hints that it may soon wind down the pace of rate hikes. In China, authorities tighten Covid restrictions again as cases reach a new record high. The PBOC has suggested a potential RRR cut in a bid to support the economy. EU nations are at loggerheads over both the proposed G7 Russian oil exports price cap as well as a ceiling on gas as the bloc meets today for an extraordinary energy summit. Russian missiles pound Ukrainian energy infrastructure installations causing nationwide blackouts. President Volodomyr Zelenskyy tells the UN Security Council that Moscow is guilty of energy terrorism.

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