Global Market Update

Advisory Bazaar Info Services

* US Equity Markets: US equity markets settled flat to slightly negative.

* European Markets: European equity markets ended flat to slightly positive.

* Asian Markets: Asian equity markets are trading mixed.

* GIFT Nifty: GIFT Nifty is down around 40 points, with Nifty Futures likely to open near the 24,360 level.

* Crude Oil: Oil prices edged lower on Thursday as traders balanced signs of easing tensions around the Strait of Hormuz against rising risks to Russian energy supplies amid the Russia-Ukraine conflict. WTI traded below $82 per barrel, while Brent remained below $88 per barrel.

* US Inflation: Wall Street’s major indices closed slightly lower on Wednesday after US inflation data came in hotter than expected. Investors remained cautious ahead of Nvidia’s earnings, a key focus for the AI sector.

* Asian Market Sentiment: Asian markets are trading mixed following the stronger-than-expected US inflation data, while investors await Nvidia’s results for further direction.

* Oil Outlook: Oil prices remained under pressure after a volatile session, with traders weighing progress in Middle East diplomacy against escalating Russia-Ukraine tensions. Brent crude slipped toward $87 per barrel.

Market Outlook: Global markets remain cautious. US inflation data, Nvidia’s earnings and geopolitical developments will remain key drivers for market direction.