Global Market Update

Advisory Bazaar Info Services

* US Markets: US equity markets settled on a flat-to-positive note.

* European Markets: European equity markets ended flat to negative.

* Asian Markets: Majority of Asian equity markets are trading in the green.

* Indian Markets: Sensex and Nifty are trading lower, with losses of around 75–300 points.

Key Market Developments

Tata Trusts: Tata Trusts is considering urgent legal action to lift restrictions on Sir Ratan Tata Trust (SRTT), which could potentially disrupt the Tata Sons chairman succession process. SRTT and Sir Dorabji Tata Trust are required to jointly nominate an AGM representative and three members to the search committee for N. Chandrasekaran’s successor.

US Equities & Fed: US stocks gained while Treasury yields declined after fresh data indicated easing inflation. Markets are now pricing in expectations that the Federal Reserve may not raise interest rates next month.

Asian Markets: Asian equities moved higher following signs of easing US inflation and softer crude oil prices, improving risk sentiment across the region.

Crude Oil: Crude oil remained under pressure amid ongoing discussions to reopen the Strait of Hormuz. However, fresh attacks on tankers and energy infrastructure are keeping market sentiment cautious.

Market Outlook

Global markets are showing a mixed-to-positive trend, supported by softer inflation expectations and easing rate-hike concerns. However, geopolitical tensions, crude oil movements and developments around the Strait of Hormuz remain key factors for market direction.