India, July 23 -- The unabated jump in crude oil prices amidst the intensifying Middle East conflict dominated sentiment in global markets. The disruption in oil transit through the Strait of Hormuz as well as the naval blockade on Saudi Arabia by Houthi militants have lifted crude oil prices more than 4 percent.
Wall Street Futures are directionless as worries about AI spends compounded the inflation worries triggered by the jump in crude oil prices. Major benchmarks in Europe are trading in the red, ahead of European Central Bank's looming interest rate decision. Earlier in the day, Asian markets had finished trading on a strong positive note.
Dollar Index has edged up. Bond yields hardened across regions as markets factored in fuel-led...