Global Market Update

Advisory Bazaar Info Services

U.S. President Donald Trump on Monday threatened to impose a unilateral 10% tariff on BRICS nations. He stated, “Any country aligning itself with the anti-American policies of BRICS will be subject to an additional 10% tariff. There will be no exceptions to this policy. Thank you for your attention to this matter!” The statement was posted on his Truth Social account.

Key Market Updates:

• U.S. Equity Markets: Closed due to Independence Day holiday.

• European Markets: Ended on a negative note.

• Asian Markets: Trading in the red.

• Crude Oil: Prices continue to decline following an agreement by OPEC+ to increase production next month more than expected. This reflects concerns over potential oversupply and a decline in demand due to possible U.S. tariffs.

• Indian Markets:

• Sensex: Down by 90 points

• Nifty: Down by 26 points