India, Aug. 1 -- Global market sentiment was rattled following steep tariffs imposed by the U.S. on several of its trading partners. Anxiety ahead of the monthly jobs data from the U.S. as well as disappointment triggered by higher-than-expected PCE-based inflation readings also weighed on sentiment.
Wall Street Futures are trading deep in the red amidst anxiety ahead of the trade tariff deadline. Major benchmarks in Europe are also trading with heavy losses amidst tariff pain as well as higher-than-expected inflation readings. Negative sentiment dominated the Asian markets as well. The six-currency Dollar Index extended gains amidst the Fed's hawkish stance. Ten-year bond yields mostly hardened. Tariff jitters dragged down crude oil price...