🌍 Global Market Update

Advisory Bazaar Info Services

🔹 The U.S. equity markets closed lower, with major indices ending down roughly 1.35% to 1.63%.

🔹 European equity markets also finished in negative territory, declining between 0.06% and 0.95%.

🔹 Asian equity markets are trading weak today, reflecting cautious investor sentiment.

🔹 GIFT Nifty is trading about 500 points lower, indicating that Nifty futures may open around the 23,311 level.

🔹 Crude oil prices surged sharply after fresh attacks on key energy facilities in the Middle East, raising concerns about potential supply disruptions.

🔹 Brent Crude jumped more than 4% intraday, reaching around $112 per barrel, while WTI crude is hovering near $99 per barrel.

🔹 U.S. natural gas prices also recorded a strong rally of more than 5%.

🔹 The sharp rise in oil prices kept Wall Street investors cautious, contributing to the market decline.

🔹 Federal Reserve Chair Jerome Powell said that the impact of the war on inflation makes it difficult to predict the future path of interest rates.

🔹 Rising tensions in the Middle East and attacks on energy infrastructure have triggered a risk-off sentiment in Asian markets as well.

📊 Overall:

Growing geopolitical tensions and the surge in crude oil prices are putting pressure on global financial markets and keeping investors cautious.