Lockdown again in Europe: softening of markets
(Gujarat News Correspondent) MUMBAI: Indian stock markets closed on the eve of Guru Nanak Jayanti on Friday. While the global market for corona is growing at an alarming rate and the number of corona cases has risen sharply after Austria's vaccination program, a complete lockdown has been announced in European countries. However, as the global NGO crisis continues to worsen, countries including the US and China have decided to cut off supplies from their strategic oil reserves to alleviate the NGO crisis. As a result, Asian markets saw modest gains today in anticipation of some relief. Brent plummets to 4.5 as China decides to release stock from strategic crude On the international front, global crude oil prices plunged by ૫૯ 1.6 to ૬૫ 1.6 a barrel and Nymex crude fell by ૩૬ 1.3 to ૬૫ 6.5 a barrel as China decided to cut stocks from strategic reserves in crude. Dow Jones futures fell 114 points in the afternoon today after the US stock markets softened yesterday amid fears of a ...