Global Markets Rise Amid Tech Surge and Oil Tensions

Global markets saw gains amid robust technology stock performances and rising tensions over US sanctions on Venezuelan oil. Tech stocks, particularly in Asia, bolstered indices, while geopolitical actions involving US and Venezuela impacted oil prices. Mixed US economic data left traders optimistic about potential Federal Reserve interest rate cuts.

Global markets experienced a boost on Wednesday, driven by substantial purchasing of technology stocks, despite geopolitical tensions impacting oil prices. Asian and European indices advanced, with technology shares playing a central role in lifting benchmarks.

US President Trump's order to block sanctioned oil tankers entering Venezuela followed the US seizure of an oil tanker, escalating pressure on Venezuelan leader Nicolás Maduro. Consequently, US crude oil prices surged briefly by over 2%, affecting market movements.

In Europe, the DAX, CAC 40, and FTSE 100 showed gains, while Asian markets echoed this positive trend. Economic indicators from Japan and South Korea further fueled market optimism. Meanwhile, in the US, mixed economic data and interest rate speculations kept traders attentive.

(With inputs from agencies.)