Global Market Update

Advisory Bazaar Info Services LLP

🇺🇸 US equity markets ended on a flat to negative note.

📈 European equity markets closed higher, with major indices gaining between 0.58% and 1.24%.

🌏 Asian equity markets are trading on a mixed note.

🇮🇳 GIFT Nifty is down by around 85 points, indicating that Nifty Futures may open near 23,875.

🏛️ The US House of Representatives narrowly passed the FY2027 National Defense Authorization Act (NDAA) by a 216-212 vote. The bill authorizes a record $1.15 trillion in military spending, despite concerns from Democrats over its cost, the Iran conflict, and provisions aimed at strengthening Pentagon ties with Israel.

💻 Weakness in semiconductor stocks dragged the Nasdaq Composite and the S&P 500 lower, while the Dow Jones Industrial Average posted modest gains despite a sharp rise in crude oil prices.

🌏 Asian markets advanced on Thursday, led by gains in Japan, South Korea, and Australia, although rising geopolitical tensions in the Middle East continued to keep investors cautious.

🛢️ Crude oil prices extended their gains after Iran-backed Houthi militants claimed responsibility for attacks on two Saudi oil tankers in the Red Sea, raising concerns over global crude supply and supporting higher oil prices.