India, Aug. 8 -- Persisting uncertainty on the trade tariff front as well as firm hopes of a Fed rate cut in September impacted global market sentiment. Anxiety ahead of the release of the consumer price inflation readings from the U.S. on Tuesday also weighed on sentiment.
Wall Street Futures are trading mildly in the green. Major benchmarks in Europe are trading mostly in positive territory. Asian markets however finished trading on a mostly negative note.
The six-currency Dollar Index declined mildly. Ten-year bond yields eased in the U.S. but hardened elsewhere. Crude oil prices rebounded as trade tensions rose between the U.S. and Russia's oil customers. Gold rallied on Fed rate cut hopes and trade tariff uncertainties even as the U....