🌍 Global Market Update

Advisory Bazaar Info Services

Global equity markets traded with a mixed tone on Thursday. In the U.S., the Dow Jones Industrial Average closed at a record high, while the Nasdaq and other major indices ended lower as technology stocks came under pressure following mixed corporate earnings. European markets closed flat to slightly lower, and Asian markets are trading mixed.

Indian markets are expected to open on a positive note, with GIFT Nifty trading around 70 points higher, indicating a likely opening for the Nifty near the 24,720 level.

🛢️ Crude Oil Update

Crude oil prices remained volatile amid ongoing geopolitical developments. Earlier this week, reports that Iran had reached an agreement with Oman on a proposed shipping route through the Strait of Hormuz eased concerns over global oil supply, contributing to an approximately 11% decline in Brent and WTI crude during the first three trading sessions of the week.

However, lingering uncertainty surrounding U.S.-Iran relations has supported a modest recovery in prices. Brent Crude is currently trading 0.88% higher at $80.13 per barrel.

📌 Key Market Highlights

* The Dow Jones closed at a record high on optimism surrounding progress toward a potential peace agreement involving Iran.

* The Nasdaq snapped its five-session winning streak as technology stocks weakened following quarterly earnings from SpaceX and AMD.

* Investors remain focused on developments in U.S.-Iran negotiations, crude oil price movements, and upcoming global economic data.

Market sentiment is expected to remain driven by geopolitical developments, energy prices, and key macroeconomic indicators.