India, Aug. 6 -- Amidst a minor decline in rate cut expectations, markets have renewed the focus on the earnings updates from the corporate sector. Markets also digested the recent ISM Services PMI data release that revealed an unexpected decline in activity in the service sector in the U.S. Tariff related concerns also lingered.
Wall Street Futures are trading mildly in the green. Driven by upbeat earnings, major benchmarks in Europe are also trading mostly in positive territory. Asian markets also finished trading with gains. The six-currency Dollar Index retreated. Ten-year bond yields hardened across regions and tenors. Crude oil prices rebounded amidst a larger-than-expected decline in crude oil inventories in the U.S. as well as tari...