Global Market Update

Advisory Bazaar Info Services

* US equity markets settled on a positive note.

* European equity markets ended higher in the range of 0.45% to 1.31%.

* Most Asian equity markets are trading in the red on Friday.

* Sensex and Nifty are trading higher by around 100 and 42 points respectively.

* Oil marketing companies on Friday announced a hike of ₹3 per litre in petrol and diesel prices, pushing fuel rates higher. However, the increase is only a fraction of the rise required to fully offset the sharp jump in global energy prices following the West Asia conflict.

* CNG prices in Delhi-NCR have also been increased by ₹2 to ₹79.09 per kg. Earlier, Mahanagar Gas Limited had raised CNG prices by ₹2 per kg in the Mumbai region as well.

* A rebound in AI-related stocks supported market momentum, while stronger retail sales data indicated resilience in consumer spending despite higher energy costs driven by geopolitical tensions.

* Asian equity markets are trading with a negative bias after the meeting between Donald Trump and Xi Jinping in Beijing.

* Brent crude is trading around $107 per barrel, with prices gaining nearly 5% so far this week.