Global Market Update

Advisory Bazaar Info Services

US equity markets closed on a flat to negative note on Thursday.

European equity markets ended higher, gaining between 0.12% and 1.36%.

Asian equity markets opened on a negative note as reports of bad loans at two US banks raised concerns about the credit market.

GIFT Nifty is showing little change, with Nifty futures likely to open around the 25,600 level.

US equities declined as worries persisted over the quality of loans at regional banks, growth prospects for insurers, and ongoing US-China tensions.

Oil prices are heading for a third consecutive weekly decline as investors focus on oversupply and the impact of renewed US-China trade tensions. Brent crude is trading near $61 a barrel.