India, April 11 -- Markets responded in a mixed manner to hotter-than-expected inflation reading from the U.S. and caution about rate cuts sounded in the FOMC Minutes. Anxiety ahead of the interest rate decision by the ECB also weighed on sentiment.
The CME FedWatch tool that tracks the expectations of interest rate traders now shows a probability of 17 percent for a rate cut in June versus 66 percent a week earlier and 72 percent a month earlier.
Wall Street Futures reflect minor losses. Major European benchmarks are trading in negative territory. Asian shares mostly declined. Dollar Index extended gains. Bond yields mostly hardened. Rate fears cast a gloom over crude oil prices as well. Gold rebounded after the plunge on Wednesday. Cryp...