US equity markets settled on flat to negative note, Nasdaq ended on flat note while Dow jones and S&P 500 fell 0.87% & 0.70% respectively.

European equity markets ended sharply lower in range 3% to 4%.

Most of the Asian equity markets are trading in red.

SGX Nifty is little changed.

Brent crude slipped below $75 a barrel for the first time since December 2021, intraday.