📊 Global Market Update

Advisory Bazaar Info Services

▪️ U.S. equity markets closed nearly flat to slightly lower on Wednesday.

▪️ European equity markets remained weak, with major indices ending the session down in the range of 0.19% to 1.39%.

▪️ Asian equity markets are trading in the red today.

▪️ Indian markets are also under pressure, with the Sensex and Nifty trading lower by around 860 and 270 points, respectively.

▪️ Global crude oil prices surged sharply after two oil tankers were attacked in Iraqi waters. Following the incident, Iraq temporarily suspended operations at its oil terminals, raising concerns over global supply disruptions.

▪️ Brent crude jumped nearly 7.9%, reaching around $99.24 per barrel, while WTI crude is trading near $94 per barrel.

▪️ Investors on Wall Street are assessing the latest geopolitical developments, leading to a cautious tone in both equity and bond markets.

▪️ Asian markets also declined on Thursday as the sharp rise in crude oil prices and increasing stress in the private credit market weakened investor sentiment.

▪️ Oil prices have risen for the second consecutive day, increasing the likelihood of higher volatility in global markets.