India, March 28 -- Market sentiment remained largely dominated by expectations and speculations about rate cuts by major central banks, particularly the Federal Reserve. Hawkish comments by a Fed official added to fears of rates remaining higher for longer, ahead of the PCE-based inflation data release and Chairman Powell's speech scheduled for Friday.
Wall Street Futures are close to the flatline. Major European benchmarks are trading higher. DAX touched a record high despite an unexpected fall in retail sales in Germany. Asian shares too finished on a mostly positive note.
The Dollar Index gained amidst hawkish comments from a Fed official that triggered rate cut uncertainties. Bond yields mostly hardened. Crude oil prices jumped amidst...