Global Market Update

Advisory Bazaar Info Services LLP

🔹 US equity markets ended lower, with major indices declining between 0.26% and 1.55%.

🔹 European equity markets closed on a mixed to positive note, while Asian markets are trading lower today.

🔹 GIFT Nifty is down by around 150 points, indicating that Nifty futures may open near the 24,050 level.

🔹 Crude oil prices surged more than 2%, with Brent crude climbing above $85 per barrel for the first time in a month.

🔹 The rally in oil followed US President Donald Trump’s announcement that the United States would impose a 20% shipping fee on all cargo transiting the Strait of Hormuz and reinstate a naval blockade of Iranian ports near the strategic waterway.

🔹 The renewed escalation in US-Iran tensions weighed on investor sentiment, triggering broad-based selling in global equities, particularly in the technology sector, and pushing US markets lower.

🔹 Rising geopolitical risks and higher energy prices are likely to keep global financial markets volatile, with investors closely monitoring further developments in the Middle East.