India, March 27 -- Escalating trade tensions in the wake of fresh automobile import tariffs proposed by the U.S. dampened world market sentiment. Markets also digested data showing the U.S. economy expanded an annualized 2.4 percent in the fourth quarter, slightly higher than 2.3 percent in the previous estimates. Caution ahead of the PCE-based inflation readings due from the U.S. on Friday also swayed market sentiment.
Wall Street Futures are trading in the red. European benchmarks are also trading with heavy losses. Asian markets finished trading on a mixed note.
The six-currency Dollar Index slipped. Bond yields are trading mixed. News of fresh auto tariffs by the U.S. weighed on crude oil prices despite a larger-than-expected decline ...