India, March 5 -- Market sentiment improved amidst hopes of an easing in the trade related tensions between the U.S. and its trading partners. Markets in the meanwhile are also waiting anxiously for the ISM Services PMI data due on Wednesday and the monthly payrolls data due on Friday.

Wall Street Futures are trading in mildly positive territory. European benchmarks are trading with strong gains amidst the view that increased defense spending and borrowing would help revive the region's economy. Asian markets also finished trading on a mostly positive note. The Dollar Index extended losses, declining to the lowest level in four months as markets assessed the potential impact of the new tariffs on the U.S. economy. Bond yields mostly harden...