India, July 8 -- Sentiment remains mixed as markets reacted to the latest trade tariff letters issued by the U.S. to its trading partners. Fading rate cut expectations from the Fed also swayed market mood.
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 versus 6.2 percent a day ago.Wall Street Futures are directionless. Major markets in Europe are trading above the flatline. Asian markets also finished trading on a positive note.
The six-currency Dollar Index edged up. Bond yields mostly hardened. Crude oil prices slipped as markets digested the output boost by OPEC+ as well as the fresh trade tariff letters issued by the U.S. Gold weakened amidst...