India, Aug. 13 -- The renewed focus on a Fed rate cut swayed market sentiment across regions and asset classes. Market expectations of a Fed rate cut strengthened in the aftermath of the CPI data release from the U.S. on Tuesday.
Wall Street Futures are trading in the green. Benchmarks in Europe are also trading well above the flatline. Asian markets finished trading on a mostly positive note. The six-currency Dollar Index shed around a quarter percent. Ten-year bond yields mostly eased. Crude oil prices declined amidst concerns about rising oil supply flagged by the International Energy Agency. Gold recorded minor gains amidst growing rate cut bets. Cryptocurrencies too are trading on a strongly positive note. Here is a snapshot of the ma...