Global Market Update

Advisory Bazaar Info Services

• US equity markets settled lower in the range of 0.22% to 0.77%.

• European equity markets, barring FTSE, ended in the red.

• Asian equity markets are trading lower as Trump threatened to impose export curbs on chips.

• GIFT Nifty is down by 70 points, Nifty futures likely to open around 24,900 levels.

US President Donald Trump threatened additional tariffs and export restrictions on advanced technology and semiconductors in retaliation for digital services taxes that hit American technology companies. He posted on social media – “Digital Taxes, Digital Services Legislation, and Digital Markets Regulations are all designed to harm, or discriminate against, American Technology. Outrageously, they give a complete pass to China’s largest Tech Companies. This must end, and end NOW!”

Oil steadied after a four-day advance as investors awaited clearer signals on supplies, with the US poised to double tariffs on all Indian imports to penalize the country for buying Russian crude. Brent traded below $69 a barrel after closing at a three-week high, while West Texas Intermediate (WTI) hovered near $65.