📌 Global Market Update
Advisory Bazaar Info Services
🔹 U.S. equity markets closed lower, down by 1.20% to 1.59%.
🔹 European markets ended flat to negative.
🔹 Asian markets are showing an overall weak sentiment.
🔹 Sensex and Nifty are trading lower by approximately 220 and 80 points, respectively.
🔹 According to economists, the Reserve Bank of India may keep the repo rate unchanged at 5.25% in the February monetary policy meeting, as inflation is expected to rise from recent lows while economic growth remains strong and the impact of the previous rate cut is yet to fully materialize.
🔹 Wall Street closed sharply lower on Thursday. Weakness in Microsoft, Amazon, and other tech stocks pushed the Nasdaq to its lowest level since November, after Alphabet indicated the possibility of doubling AI investments.
🔹 In early Friday trading, Asian equities remained under pressure, with significant volatility also seen in precious metals and cryptocurrencies.
🔹 Oil prices continued to decline. Plans for U.S.–Iran talks reduced military tensions and supply disruption risks, with Brent crude trading around $67 per barrel.