Global Market Update

Advisory Bazaar Info Services

🔶 US equity markets settled higher in the range of 1.24% to 2%.

🔶 European equity markets also closed sharply higher, gaining between 2% and 2.86%.

🔶 Asian equity markets are trading with a positive bias.

🔶 GIFT Nifty is little changed, while Nifty futures are likely to open around 24,450 levels.

🔶 Oil prices steadied on Thursday after witnessing their sharpest decline in weeks during the previous session. Markets are assessing signs of possible diplomatic progress between the US and Iran, which could eventually ease Middle East tensions and supply concerns.

🔶 Brent crude traded above $102 per barrel, while WTI hovered near $96 per barrel after both benchmarks plunged nearly 8% in the previous session.

🔶 For the second consecutive day, US stocks closed at record highs, supported by optimism surrounding a possible end to the Iran conflict and strong earnings from chipmaker AMD.

🔶 Asian equities climbed to record levels, led by a strong rally in Japanese stocks after returning from a holiday break. Investor sentiment improved on hopes that the US and Iran are moving closer to a diplomatic agreement, reducing concerns over geopolitical risks and the global economic outlook.

🔶 Oil prices stabilized after the sharp 8% decline in the previous session amid hopes of easing tensions between the US and Iran. Brent crude remained around $102 per barrel.