India, Aug. 11 -- Intensifying tensions between the U.S. and Iran as well as dimming prospects of a Middle East peace agreement dampened global market sentiment. Markets weighed the lack of progress in reaching a deal on Hormuz, the disruption in traffic and the resultant spike in crude oil prices. Anxiety ahead of the inflation data releases due from the U.S. also weighed on monetary policy outlook as well as market sentiment.
Wall Street Futures are directionless. Major benchmarks in Europe are trading on a weak note. Earlier in the day, Asian markets had finished trading on a mixed note. The six-currency Dollar Index has edged up. Sovereign bond yields too hardened across regions amidst rising crude oil prices.
Crude oil prices have ga...