📊 Global Market Update
Advisory Bazaar Info Services
👉 US equity markets closed higher in the range of 0.70% to 1%.
👉 European equity markets (except FTSE) ended in the green.
👉 Asian equity markets are trading with a positive bias.
👉 GIFT Nifty is up by around 150 points, indicating Nifty futures may open near 24,270 levels.
👉 US President Donald Trump on Wednesday temporarily paused ‘Project Freedom’ in the Strait of Hormuz, citing progress toward a final agreement with Iran. However, the US naval blockade will continue to remain in force.
👉 US markets gained as signs of a continuing US-Iran ceasefire eased concerns of a broader conflict impacting the global economy.
👉 Most Asian markets remained closed today, resulting in thin regional cues and limited trading activity.
👉 Oil prices declined for the second consecutive session as diplomatic progress between the US and Iran improved sentiment. Brent crude is trading near $108 per barrel after falling 4% in the previous session.