📊 Global Market Update

Advisory Bazaar Info Services

🔹 US equity markets, except the NASDAQ, closed lower on Wednesday.

🔹 European equity markets also ended in the red, declining between 1.69% and 2.28%.

🔹 Asian equity markets are trading mixed in early trade.

🔹 Domestic markets are trading higher, with the Sensex up around 460 points and the Nifty gaining nearly 140 points.

🔹 Geopolitical tensions escalated after the United States launched another round of military strikes against Iran on July 9, intensifying the conflict around the strategically important Strait of Hormuz. US President Donald Trump indicated that the temporary understanding between Washington and Tehran had effectively come to an end.

🔹 The S&P 500 ended lower after President Trump stated that the interim deal aimed at ending the conflict with Iran was “over.” However, semiconductor stocks outperformed, with Broadcom leading gains as optimism over AI-driven demand supported the sector.

🔹 Asian markets are trading mixed as renewed optimism over AI-related demand boosted semiconductor stocks, while escalating geopolitical tensions kept investors cautious.

🛢️ Crude Oil Update:

Oil prices extended their rally after the US carried out strikes on Iran for a second consecutive day, raising concerns over potential disruptions to Middle East energy supplies. Brent crude rose as much as 1.4% to trade above $79 per barrel, following a surge of more than 5% in the previous session.