New Delhi, May 29 (H.S.): Global markets are witnessing positive momentum on Thursday following reports that the United States and Iran are moving close to reaching a temporary agreement aimed at easing tensions in West Asia. US markets closed higher in the previous session, while Dow Jones Futures were also trading in positive territory today. In contrast, European markets remained under pressure in the last trading session. Meanwhile, Asian markets are broadly trading with gains.

The US market maintained a positive trend throughout the previous session amid sustained buying activity. The Dow Jones Industrial Average edged up by 0.05 percent to close at 50,668.97 points. Similarly, the S&P 500 Index gained 0.58 percent to end the session at 7,563.63 points. The Nasdaq also witnessed strong buying support, surging by 242.74 points, or 0.91 percent, to settle at 26,917.47 points.

Meanwhile, Dow Jones Futures were trading marginally higher today, gaining 0.05 percent to reach 50,695.35 points.

Unlike the US markets, European indices remained under selling pressure during the previous session. The FTSE Index declined by 0.76 percent to close at 10,425.96 points. Similarly, the CAC Index slipped 0.23 percent to end trading at 8,188.87 points. The DAX Index also fell by 0.34 percent, closing at 25,092.25 points.

Asian markets, however, are largely witnessing bullish sentiment today. Out of the nine major Asian indices, eight were trading in the green, while only one index remained in negative territory. The Shanghai Composite Index was the sole laggard, declining by 0.37 percent to 4,083.62 points.

On the other hand, Gift Nifty was trading 0.32 percent higher at 23,949 points. The Straits Times Index also gained 0.94 percent to reach 5,036.02 points. South Korea’s Kospi Index registered a sharp rally, jumping 230.25 points, or 2.81 percent, to 8,415.54 points.

Similarly, the Taiwan Weighted Index surged by 1,151.63 points, or 2.64 percent, to trade at 44,788.07 points. The Nikkei Index advanced by 1,619.88 points, or 2.50 percent, to 66,313 points.

The Jakarta Composite Index was trading 1.37 percent higher at 6,214.06 points, while Hong Kong’s Hang Seng Index climbed 265.84 points, or 1.05 percent, to 25,272 points. The SET Composite Index also gained 0.60 percent to trade at 1,578.41 points.

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Hindusthan Samachar / Jun Sarkar