Global Market Update

Advisory Bazaar Info Services

▪️ US equity markets, except Dow Jones, settled higher.

▪️ European equity markets ended on a flat to positive note.

▪️ Majority of Asian equity markets are trading in green.

▪️ GIFT Nifty is up by 120 points, indicating Nifty Futures may open around 23550 levels.

▪️ India on Wednesday banned sugar exports with immediate effect until September 30, 2026, or until further orders. The move aims to control domestic prices as India, the world’s second-largest sugar producer, looks to ensure adequate local supply. The decision is likely to support global white and raw sugar prices, while giving rival producers such as Brazil and Thailand an opportunity to increase shipments to Asian and African buyers.

▪️ A rally in technology stocks pushed US equity markets to record highs, overshadowing concerns over elevated inflation data.

▪️ Asian markets are trading mixed on Thursday ahead of the expected meeting between Donald Trump and Xi Jinping in Beijing.

▪️ Oil prices steadied on Thursday as concerns surrounding the Iran conflict continued to support crude prices. Brent crude traded below $106 per barrel after declining 2% in the previous ses