India, April 7 -- Global market sentiment remains shattered as markets fear a global recession in the aftermath of the intensifying trade war. Anxiety ahead of the release of the FOMC minutes and inflation updates from the U.S. later in the week also weighed on sentiment.
Wall Street Futures are trading deep in the red despite growing Fed rate cut expectations. European benchmarks are also trading with massive losses. Asian bourses also witnessed significant erosion in market capitalization.
The six-currency Dollar Index has edged lower after Friday's rebound. Bond yields mostly spiked. Recession fears dragged down crude oil prices. Gold extended losses. Cryptocurrencies plunged heavily. Here is a snapshot of the major world markets at th...