🌍 Global Market Update
Advisory Bazaar Info Services
✔ US equity markets closed on a flat note.
✔ European markets ended lower, down by 0.68% to 1%.
✔ Asian markets are trading higher today.
✔ Sensex and Nifty are up, showing gains of around 265–778 points.
✔ US President Donald Trump said on Tuesday that he is willing to pause attacks and bombing for two weeks if Iran fully reopens the Strait of Hormuz in a secure manner.
✔ Following the ceasefire news, Wall Street futures surged over 2%, as lower oil prices are expected to help control inflation and support economic growth. Asian markets are also trading higher on this development, with oil prices declining.
✔ Crude oil prices saw a sharp drop on Wednesday amid expectations that oil and gas supply from the Strait of Hormuz will resume due to the two-week ceasefire in the Middle East.