📊 Global Market Update

Advisory Bazaar Info Services

🔹 US equity markets ended sharply lower, with major indices declining between 1.50% and 1.98%.

🔹 European equity markets, except FTSE, closed in negative territory.

🔹 Asian equity markets are trading lower on Thursday.

🔹 GIFT Nifty is down by around 70 points, indicating a likely opening for Nifty Futures near the 23,050 level.

🌍 Middle East Tensions Weigh on Global Markets

Asian markets stabilized after an initial sell-off as investors assessed the impact of renewed hostilities in the Middle East. Concerns are rising that escalating tensions could disrupt energy supplies and negatively affect global economic growth.

🛢️ Crude Oil Extends Gains for a Second Day

Oil prices surged after the United States launched another round of military strikes against Iran, increasing fears of a prolonged disruption in energy supplies.

▪️ WTI Crude (July Delivery) rose 2.94% to $92.68 per barrel.

▪️ Brent Crude (August Delivery) gained 2.52% to $95.45 per barrel.

Further support came from reports that Iran has restricted vessel movement through the Strait of Hormuz, adding pressure to ongoing peace negotiations and heightening supply concerns.

📉 US Markets Close Lower

Major US stock indices ended more than 1% lower, as semiconductor stocks extended their recent decline and escalating US-Iran tensions added to investor uncertainty.

⚠️ Market participants will closely monitor developments in the Middle East and movements in crude oil prices, which are likely to influence the direction of global equity markets in the near term.