Global Market Update

(Advisory Bazaar Info Services)

US equity markets, except Nasdaq, closed on a positive note.

European equity markets ended higher, gaining between 0.12% and 1.20%.

Asian equity markets are trading mixed.

GIFT Nifty is trading higher by 70–90 points.

On Wednesday, the Union Cabinet approved schemes worth ₹45,000 crore to support exporters amid global challenges. This includes the much-awaited ₹25,000 crore Export Promotion Mission, under which the government will prioritize sectors like leather, gems & jewellery. Additionally, the Cabinet has approved the expansion of the Credit Guarantee Scheme for Exporters with an outlay of ₹20,000 crore.

On Wall Street, most stocks rose and bond yields fell as the US House of Representatives prepared to vote on ending the government shutdown. However, US equity futures traded slightly lower on Wednesday.

Asian markets are trading mixed after a lackluster Wall Street session, as investors remain cautious with limited economic data clouding the outlook for Federal Reserve policy.

Oil prices extended their decline after dropping on Wednesday amid signs that a long-awaited supply surplus has finally emerged. Brent crude settled below $63 per barrel.