🛢️ Oil Shock & Market Rebound: Key Global Market Takeaways
1️⃣ Oil Prices Reverse Sharply
• U.S. crude spiked near $119 before plunging to around $86, down nearly 5%.
• Global benchmark Brent Crude slipped over 3.5%, trading below $89.
2️⃣ Trump’s Comment Calms Markets
Donald Trump signaled the Iran conflict was “pretty much complete,” easing fears of prolonged supply disruption.
3️⃣ Wall Street Recovers
• Dow Jones Industrial Average +0.50%
• S&P 500 +0.83%
• Nasdaq Composite +1.38%
4️⃣ Asia Rebounds After Selloff
• Topix +2.78%, Nikkei +3.30%, Hang Seng +1.54%, Taiwan +2.85%, Kospi +6.22%.
5️⃣ India Outlook: Positive Start Expected
GIFT Nifty near 24,315 signals a positive start for the Tuesday’s trading sessions, despite recent geopolitical-led volatility. 📈
6️⃣ Sector Watch: Oil & Gas
Oil marketing companies saw sharp pressure;