India, April 2 -- Market spotlight turned on the reciprocal tariffs on trade partners to be announced by President Trump on Wednesday evening. The measures aimed at correcting trade imbalances and boosting revenues are expected to take effect immediately, adding to the nervousness in world economies.
Wall Street Futures are trading deep in the red as tariff jitters roiled sentiment. European benchmarks are also trading with heavy losses. Asian markets had finished on a mostly positive note.
The six-currency Dollar Index edged down. Bond yields mostly eased. Crude oil prices declined as markets factored in the potential effect of tariffs on demand for crude. Gold gained but stopped short of touching a fresh high. Cryptocurrencies declined ...