India, March 4 -- The start of new tariffs on Mexico and Canada, the spike in tariffs on China and counter tariffs imposed by Beijing, as well as the renewed uncertainty triggered by the trade tensions continued to hold sway over global markets. The potential impact of the trade tariffs renewed concerns about the Fed's monetary policy outlook ahead of Friday's crucial jobs data release.
Wall Street Futures are trading in mildly negative territory after the stock market crash on Monday. European benchmarks are also trading deep in the red. Asian markets also finished trading on a mostly negative note.
The Dollar Index declined heavily. Bond yields mostly eased. Reports of OPEC+ proceeding with the planned output increase, the halting of U....