Global Market Update

Advisory Bazaar Info Services

Global Market Highlights

* US equity markets closed sharply lower, with major indices declining between 1.50% and 2.19%.

* European markets, except the FTSE, ended the session in negative territory.

* Most Asian equity markets are trading higher in early Thursday trade.

* India’s benchmark indices, Sensex and Nifty, are trading about 50 points higher, reflecting positive domestic sentiment.

Federal Reserve Holds Rates Steady

The US Federal Reserve kept the federal funds rate unchanged at 3.50%–3.75% in its July 29 policy meeting, marking the fifth consecutive meeting without a rate change. The Fed reiterated its commitment to bringing inflation back to its long-term target of 2%, while maintaining a data-dependent approach to future policy decisions.

Wall Street Under Pressure

US markets ended sharply lower after the Fed’s policy announcement. Selling pressure intensified in AI-related semiconductor stocks ahead of quarterly earnings from major technology companies, including Microsoft and Meta Platforms. Investor caution also weighed on broader market sentiment.

Asia-Pacific Markets

Asia-Pacific markets opened on a mixed note as investors continued to assess the Federal Reserve’s policy decision alongside rising geopolitical tensions in the Middle East.

Crude Oil Update

Crude oil prices extended their gains as escalating geopolitical tensions in the Middle East and declining US crude inventories raised concerns over global energy supplies. Brent crude continued to trade near USD 90 per barrel, supported by tightening supply expectations.

Market Outlook

Global markets are expected to remain volatile in the near term as investors monitor central bank policy, corporate earnings, geopolitical developments, and movements in energy prices. The direction of crude oil, inflation trends, and macroeconomic data will continue to play a key role in shaping market sentiment.