India, July 9 -- Anxiety ahead of the release of the minutes of the Federal Open Markets Committee held in June dominated sentiment in global markets. Trade-related headlines also swayed sentiment.
The CME FedWatch tool that tracks the expectations of interest rate traders currently shows probability of a rate cut in July at 4.7 percent. It was 6.2 percent a day ago.
Wall Street Futures recorded mild gains. Major markets in Europe are trading well above the flatline. Asian markets however finished trading on a deeply negative note. The six-currency Dollar Index edged up. Bond yields mostly hardened. Crude oil prices rallied to trade in the green zone. Gold weakened as Fed rate cut expectations were sobered. Cryptocurrencies are trading hi...