Global Market Update

Advisory Bazaar Info Services LLP

🔹 U.S. equity markets closed on a flat to positive note.

🔹 European equity markets, except the DAX, ended higher.

🔹 Most Asian equity markets are trading with a negative bias.

🔹 GIFT Nifty is down around 180 points, indicating that Nifty futures may open near the 24,050 level.

🔹 The GIFT Nifty, an early indicator for the benchmark Nifty 50, is trading 0.79% lower at 24,043.

🔹 Crude oil prices surged on Monday after fresh military strikes between the United States and Iran, raising concerns over oil supplies through the Strait of Hormuz, a strategic route that carries nearly 20% of the world’s crude oil shipments.

* Brent Crude rose 3.5% to around $78.67 per barrel, moving towards $79.

* U.S. WTI Crude gained 3.4% to $73.87 per barrel.

🔹 On Friday, the S&P 500 ended just below a record high as a strong Nasdaq debut by South Korea’s SK Hynix boosted optimism for memory-chip manufacturers. Investors are now focusing on the upcoming quarterly earnings season.

🔹 Asian markets remain under pressure as geopolitical tensions in the Gulf intensified and Iran claimed to have closed the Strait of Hormuz, increasing inflation concerns and supporting higher crude oil prices.