Global Market Update

Advisory Bazaar Info Services LLP

🔹 US equity markets closed lower, declining between 0.20% and 1.47%.

🔹 European equity markets, except the FTSE, ended the session in negative territory.

🔹 Most Asian equity markets are trading lower for the second consecutive day.

🔹 GIFT Nifty is little changed, indicating that Nifty futures are likely to open around the 24,080 level.

🔹 Global equities remained under pressure as continued selling in semiconductor stocks dragged the Nasdaq and the S&P 500 lower, despite stronger-than-expected US economic data and a solid start to the second-quarter earnings season.

🔹 Investor concerns are growing that massive investments in artificial intelligence (AI) may not justify the elevated valuations of semiconductor companies, leading to continued weakness in chip stocks and broader market sentiment.

🛢️ Crude Oil Update:

Brent crude rose 0.7% to $84.83 per barrel, supported by a stronger outlook in the energy market.