Global Market Update

Advisory Bazaar Info Services

Global equity markets started the week on a cautious note, with technology stocks under pressure and investors closely monitoring geopolitical developments and upcoming corporate earnings.

* US Markets: Major US equity indices, barring the Dow Jones, settled lower. A selloff in chipmakers weighed on Wall Street, offsetting the impact of lower oil prices.

* European Markets: European equity markets, barring the FTSE, ended the session on a negative note.

* Asian Markets: Most Asian equity markets are trading in the red, following weakness on Wall Street.

* GIFT Nifty: GIFT Nifty is down around 50 points, indicating that Nifty futures may open near the 24,160 level.

* Iran Developments: US Treasury Secretary Scott Bessent announced a broad economic campaign against Iran. Countries and entities involved in money laundering or continued financial dealings with Tehran could face a defined timeline to halt such activities or risk losing access to the US dollar system.

* Technology Stocks: Investors are reducing exposure to technology shares ahead of corporate earnings that could test market confidence in the artificial intelligence trade.

* Crude Oil: Oil prices remained under pressure as the US increased economic pressure on Iran and its trading partners. Brent crude held near $92 per barrel after falling more than 2% in the previous session.

Market Outlook

Investors will closely track US-Iran developments, crude oil prices, technology-sector earnings, and global equity market sentiment for further direction.