🌍 Global Market Update

Advisory Bazaar Info Services

▪️ U.S. equity markets — Dow Jones Industrial Average, S&P 500, and Nasdaq Composite — closed on a flat note.

▪️ European equity markets witnessed strong gains, with major indices ending higher by about 1.5% to 2.33%.

▪️ Most Asian equity markets are trading in the green.

▪️ In the domestic market, BSE Sensex and Nifty 50 are currently trading lower by around 180–40 points.

▪️ U.S. President Donald Trump announced the opening of a mega oil refinery project in Brownsville, Texas, built with an investment of $300 billion. The project includes investment from Reliance Industries and is said to be the first new refinery built in the U.S. in the last 50 years.

▪️ Asian markets opened on a positive note on Wednesday, as investors assessed the ongoing war situation in the Middle East.

▪️ Crude oil prices witnessed volatility after early gains. Reports that the International Energy Agency may propose the largest-ever strategic reserve release to control the surge in oil prices following the Iran conflict pressured the market.

▪️ The proposed oil release could exceed the 182 million barrels released after the Russian invasion of Ukraine.