Global Market Update

Advisory Bazaar Info Services

Global Equity Markets

* US Markets: Major US equity indices closed lower, declining 0.45%–0.78%.

* European Markets: European equity markets ended on a flat-to-negative note.

* Asian Markets: Asian equity markets are trading with a positive bias on Wednesday.

* Indian Markets: The Sensex and Nifty are trading higher, gaining around 215 points and 70 points, respectively.

US Treasury Yields

US government borrowing costs have risen to their highest levels since 2007, as a sharp rise in crude oil prices has intensified inflation concerns.

The 10-Year US Treasury yield climbed to 5.04% before easing slightly. Rising Treasury yields, concerns over US government debt and elevated crude oil prices are weighing on investor sentiment.

Wall Street

Wall Street extended its selloff on Tuesday amid rising US Treasury yields, mounting concerns over government debt and soaring crude oil prices. Cautious investor sentiment continued to limit buying interest.

Asian Markets

Asian equity markets are trading higher as investors await the US Federal Reserve’s monetary policy decision. Markets are showing resilience despite elevated crude oil prices and a sharp rise in US Treasury yields.

Crude Oil

Brent crude remained above $108 per barrel on Wednesday, close to a four-month high. Disruptions to oil infrastructure in the Middle East have increased concerns over global supply.

Market Focus

Investors will closely track the US Federal Reserve’s policy decision, US Treasury yields, crude oil prices, inflation expectations and developments in the Middle East for further direction in global markets.