India, July 14 -- Rising trade tensions between the U.S. and the E.U dominated market sentiment in the wake of the 30-percent tariff announced by the U.S. on the European Union. Anxiety ahead of the release of the consumer price inflation readings from the U.S. on Tuesday also swayed sentiment.

Wall Street Futures slipped more than quarter percent. Major benchmarks in Europe are trading below the flatline as investors reacted to U.S. President Trump's announcement of a 30 percent tariff on imports from the E.U. Asian markets finished trading on a mixed note.

The six-currency Dollar Index is trading close to the flatline. Bond yields are trading in a mixed pattern. Crude oil prices gained as markets speculated on further U.S. sanctions on ...