📊 Global Market Update

Advisory Bazaar Info Services

🇺🇸 US Market

The US market remained closed on Friday in observance of Independence Day. Trading on the New York Stock Exchange (NYSE), Nasdaq, and the bond market will resume on Monday, July 6.

🇪🇺 European Market

European equity markets ended on a flat to positive note.

🌏 Asian Market

Asian markets traded mixed on Monday as investors await the release of the US Federal Reserve’s June policy meeting minutes and assess movements in the Japanese Yen and South Korean Won.

🇮🇳 Indian Market

Sensex and Nifty are trading in the green:

* Sensex: +285 points

* Nifty: +76 points

🛢️ Crude Oil Update

Oil prices declined on Monday, with Brent crude falling below $72 per barrel. The decline was driven by:

* Signs of improving tanker movement through the Strait of Hormuz

* OPEC+ decision to increase production targets from August

OPEC+ has agreed to raise output quotas by 188,000 barrels per day from August, extending similar increases approved for June and July, raising concerns about higher global supply.