Global Market Update

Advisory Bazaar Info Services

* US Equity Markets: US equity markets closed in the red, except for the NASDAQ.

* European Markets: European equity markets ended with a flat to slightly negative trend.

* Asian Markets: Asian equity markets are trading in positive territory.

* GIFT Nifty: Trading almost flat; Nifty futures are likely to open around the 25,920 level.

* RBI Update: RBI Governor Sanjay Malhotra stated that India’s interest rates may remain low for a prolonged period due to a supportive monetary policy. He added that ongoing trade deals, including with the US, could boost growth by around 0.5%.

India’s economic growth stood at 8.2% in Q2, beating estimates. However, tariffs and trade-related pressures may impact growth going forward. Recently, the RBI cut the repo rate by 25 basis points and increased liquidity in the banking system.

* US Markets: US markets closed lower due to declines in healthcare and energy stocks. Investors assessed delayed economic data while evaluating the Fed’s policy outlook for next year.

* Asian Cues: Despite weak US jobs data, expectations of further interest rate cuts by the Fed did not strengthen significantly. As a result, Asian markets are trading with a flat but positive bias.

* Crude Oil: Oil prices recovered from their lowest levels since 2021. Market volatility increased after former President Donald Trump ordered a blockade of oil tankers to step up pressure on Venezuela. Brent crude closed slightly below $59 per barrel.