Global Market Update

Advisory Bazaar Info Services

• US equity markets closed on a flat to weaker note.

• European equity markets ended lower by 1% to 1.57%.

• Asian equity markets are also trading with a negative bias.

• Sensex and Nifty declined by nearly 350 and 110 points respectively.

The US Trade Court ruled against President Donald Trump’s 10% global tariff proposal, stating that such broad-based tariffs were not justified under a 1970s trade law. However, following an appeal by the Trump administration, the temporary tariffs will remain in effect until a final decision is made. These tariffs are expected to expire by July.

On Thursday, US equity markets closed lower. Shares of several chip companies, including Intel, came under pressure after recent gains, while uncertainty surrounding the US-Iran peace talks weakened overall market sentiment.

Asian equity markets retreated from record highs as rising tensions in the Middle East pushed crude oil prices higher. Concerns over energy supply disruptions have raised doubts about the sustainability of the recent equity rally.

Crude oil prices remained firm on Friday morning. Escalating tensions between the US and Iran, along with concerns over the month-old ceasefire agreement, pushed Brent crude nearly 2.5% higher to around $103 per barrel.