India, April 9 -- China's retaliation in the ongoing trade war between the U.S. and its trade partners dampened market sentiment further. In response to the U.S. increasing tariffs to 104 percent, China has announced it would raise tariffs on U.S. goods to 84 percent from 34 percent previously.
Markets now wait for the release of the FOMC minutes on Wednesday afternoon, consumer price inflation on Thursday and producer price inflation from the U.S. on Friday.
Wall Street Futures are trading with losses. European benchmarks are trading deep in the red. Asian bourses finished trading on a mixed note.
The six-currency Dollar Index plunged more than a percent. Bond yields mostly hardened. Crude oil prices extended losses. Gold jumped close t...