🔷 Global Market Update

Advisory Bazaar Info Services

US equity markets settled on a mixed note.

European equity markets, except FTSE, ended in the red.

Most Asian equity markets are trading with a positive bias.

GIFT Nifty is down by 75 points, and Nifty futures are likely to open around the 26,180 level.

The Federal Reserve on Wednesday cut interest rates by 25 basis points, as expected, to cushion any further weakness in the job market.

Wall Street witnessed volatility as divisions emerged within the Federal Reserve regarding the future course of monetary policy, leading to fluctuations in stocks and a rise in bond yields.

Most Asian markets are trading in green after Fed Chair Jerome Powell adopted a cautious stance on further interest rate cuts.

Oil prices remained steady as traders awaited the summit between US President Donald Trump and Chinese President Xi Jinping, along with the upcoming OPEC+ meeting that may consider another supply increase. Brent crude settled below $65 a barrel.