🌍 Global Market Update

Advisory Bazaar Info Services

• U.S. equity markets closed lower, declining between 0.95% and 1.59%.

• European equity markets also ended in the red, falling around 0.65% to 1.26%.

• Asian equity markets are witnessing a sharp decline, with most markets trading deep in the red.

• In India, BSE Sensex and Nifty 50 are also under heavy pressure, trading down by around 500 to 1650 points.

• Crude oil prices have surged nearly 20%, reaching their highest level since July 2022, amid escalating tensions between United States–Israel and Iran. This has raised concerns about supply shortages and shipping disruptions.

• Reports indicate that some major Middle Eastern producers are cutting production due to full storage, which may keep oil prices elevated and delay production recovery in the future.

• With no signs of de-escalation in the Middle East conflict and reports that Iran is moving forward with the process of appointing a new Supreme Leader, Asian markets have fallen more than 3%.

• The sharp rise in crude oil prices has raised inflation concerns, leading to a decline in US Treasury Bonds, partially reversing the gains that followed the weaker payroll report on Friday.

• As the Middle East crisis deepens, crude oil has crossed $100 per barrel. Several large producers have reduced output, and reports suggest that the Strait of Hormuz is effectively closed, while the United States has signaled the possibility of increasing its military actions.