India, July 22 -- The escalating geopolitical conflict between the U.S. and Iran overwhelmed markets as crude oil prices spiked further in response to the disruption in key transit routes. Fading hopes of a diplomatic resolution dampened sentiment, stoking inflation fears and pushing bond yields higher. Anticipation ahead of earnings releases from tech majors also dominated market mood.
Wall Street Futures are directionless amidst the spotlight on Alphabet's earnings. Major benchmarks in Europe are trading in the green, ahead of European Central Bank's interest rate review on Thursday. Earlier in the day, Asian markets had finished trading on a mixed note.
Dollar Index has edged down. Bond yields hardened across regions.
Crude oil prices...