India, May 19 -- The surprise downgrade of the U.S.'s sovereign rating by credit rating agency Moody's dominated market sentiment. Weak economic data from China also weighed on sentiment.
Wall Street Futures are trading deep in the red. Major markets in Europe are also trading with losses. Asian markets finished trading on a mostly negative note.
The six-currency Dollar Index has plunged close to a percent. Bond yields hardened across regions. Growth concerns dragged down crude oil prices. Gold rebounded in the aftermath of the U.S. sovereign rating downgrade by Moody's. Cryptocurrencies declined.
Here is a snapshot of the major world markets at this hour.
Stock Indexes:
DJIA (US30) at 42,333.50, down 0.75% S&P 500 (US500) at 5,891.40,...