India, April 5 -- Hawkish commentary from Fed officials added to anxiety ahead of the crucial labor market update from the U.S. on Friday. Disappointing economic data updates from Europe as well as rising geopolitical tensions also weighed on sentiment.
Additions to U.S. non-farm payrolls during the month of March is seen dropping to 200 thousand, from 275 thousand in the previous month. The unemployment rate is seen steady at 3.9 percent.
Wall Street Futures reflect minor gains. Major European benchmarks plunged amidst a lower-than-expected rebound in German factory orders and a larger-than-expected decline in retail sale in the Euro Zone. Asian shares also weakened. Rate cut uncertainty lifted the greenback as well as the Dollar Index. ...