📊 Global Market Update

Advisory Bazaar Info Services

🔹 U.S. Stock Market

U.S. equity markets declined, with major indices closing lower by around 0.96% to 2%.

🔹 European Markets

European stock markets also remained weak and closed with losses in the range of 1.45% to 2%.

🔹 Asian Markets

Asian equity markets are also under pressure, with most indices trading in the red. The MSCI Asia Pacific Index dropped nearly 2%, with weakness seen across all 11 sectors. Approximately 9 stocks declined for every 1 stock that advanced.

Japanese markets witnessed a sharp fall as well, with equity indices dropping by around 4.3%.

🔹 Indian Markets

Indian equity markets also showed weakness, where BSE Sensex and Nifty 50 were trading lower by approximately 1630 points and 520 points, respectively.

🔹 Crude Oil

Despite rising geopolitical tensions in the Middle East, crude oil prices showed limited volatility.

• Brent Crude is hovering around $112 per barrel.

• WTI Crude Oil is trading near $98 per barrel.

Although the Joe Biden administration warned Iran to reopen the Strait of Hormuz within 48 hours, oil prices did not spike significantly. However, tensions have increased after Iran threatened possible regional attacks, though markets have not yet reacted with panic.

Last week, global stock and bond markets saw broad selling pressure due to concerns over Middle East conflict, rising inflation, and fears of a global economic slowdown.

👉 Overall, global markets are currently facing uncertainty and downward pressure.