Global Market Update
Advisory Bazaar Info Services
Global Equity Markets
* US Equity Markets: Wall Street ended Friday’s session flat to negative after a stronger-than-expected US jobs report increased expectations of a potential interest-rate hike by the Federal Reserve at this month’s monetary policy meeting.
* European Markets: European equity markets ended broadly flat.
* Asian Markets: Most Asian equity markets are trading in positive territory on Monday, although overall sentiment remains mixed amid renewed military tensions between the US and Iran.
* GIFT Nifty: GIFT Nifty is down around 60 points, indicating that Nifty Futures may open near the 23,950 level.
Geopolitical & Crude Oil Update
Renewed military action between the US and Iran has kept investors focused on the risk of further disruption in the Middle East.
Crude oil prices remained elevated on Monday, with Brent Crude hovering near $97 per barrel, as the ongoing US-Iran conflict continued to disrupt oil flows through the Strait of Hormuz.
OPEC+ Update
Key members of OPEC and its allies (OPEC+) agreed to keep oil production steady in October following six consecutive monthly production increases. Market focus is now shifting toward determining production quotas for 2027.