Global Market Update | Advisory Bazaar Info Services

Global equity markets are showing a mixed trend, with US stocks ending higher, European markets closing flat to positive, while most Asian markets are trading lower.

US & European Markets

US equity markets settled higher, gaining between 0.43% and 0.98%. Investor sentiment improved amid easing Treasury yields, softer crude oil prices and stronger-than-expected labour-market data.

European equity markets ended on a flat to positive note.

Asian Markets

Most Asian equity markets are trading in the red as investors await details of potential US sanctions on Iran. Market sentiment remains cautious amid concerns over geopolitical tensions and their impact on global energy supplies.

Indian Market

GIFT Nifty is up around 90 points, indicating a positive opening for Indian equities. Nifty futures are likely to open around the 24,370 level.

Crude Oil

International crude oil prices declined by more than $1 per barrel on Monday, August 24, as investors booked profits ahead of an expected announcement from Washington regarding additional sanctions on Iran.

* Brent Crude: $93.17/barrel, down 1.29%

* WTI Crude: $85.86/barrel, down 1.38%

Brent crude was later trading around $92.60/barrel, down nearly 2%. Traders remain focused on upcoming US policy announcements and their potential impact on Middle East oil supplies.

Market Outlook

Global markets are likely to remain sensitive to US-Iran developments, crude oil prices, Treasury yields and overall risk sentiment. Investors will closely track geopolitical developments and their potential impact on inflation and global economic growth.

Advisory Bazaar Info Services