📊 Global Market Update
Advisory Bazaar Info Services
U.S. equity markets ended sharply higher, gaining between 2.49% and 3.83%.
European equity markets closed on a flat to slightly positive note.
Asian markets are trading higher today.
Sensex and Nifty are up by 165 to 505 points.
U.S. President Donald Trump said on Wednesday that Washington could end its military strikes against Iran under “Operation Epic Fury” within the next two to three weeks. He added that a deal with Tehran is not necessary for the conflict to wind down.
Following this statement and the rollback of several global tariffs by the White House, U.S. markets surged, marking their best performance since May.
Asian markets are also trading higher on hopes of de-escalation in the Iran conflict. Additionally, stronger-than-expected economic data for March supported a rebound in Korean and Japanese equities.
Oil prices remained steady amid easing geopolitical concerns. West Texas Intermediate (WTI) crude is hovering around $102 per barrel after declining 1.5% in the previous session.