Global Market Update

Advisory Bazaar Info Services

U.S. equity markets closed higher, gaining between 0.03% and 1.71%.

European equity markets ended lower, declining between 0.4% and 2.3%.

Asian equity markets are trading with a weak tone today.

GIFT Nifty is trading nearly 190 points lower, indicating that Nifty Futures may open around the 24,050 level.

Crude oil prices surged sharply on Monday after U.S. President Donald Trump rejected Iran’s proposal aimed at ending the Middle East conflict. This reduced hopes for a near-term resolution and increased concerns about potential supply disruptions through the Strait of Hormuz.

Brent crude rose nearly 3.5% to around $104.80 per barrel, while WTI crude traded close to $99 per barrel.

On Friday, both the S&P 500 and Nasdaq closed at record highs. Strong buying in AI-related stocks such as Nvidia, Sandisk, and other technology counters supported the rally. Better-than-expected employment data also signaled resilience in the U.S. economy and labor market.

Most Asian markets remained under pressure. Investor focus continues to stay on the AI sector, while ongoing Middle East tensions and the U.S. rejection of Iran’s proposal have added to market concerns.

The rally in crude oil continues. Following the U.S. rejection of Iran’s response, hopes of an end to the Middle East conflict weakened further, keeping pressure on the crucial Strait of Hormuz route. Brent crude futures gained as much as 4.2%, touching $105.54 per barrel.