India, Oct. 8 -- The jump in crude oil prices and the selloff in bond markets dominated sentiment in global markets.
Wall Street Futures are trading in negative territory amidst the oil price spike that renewed inflationary worries. Major benchmarks in Europe are also trading in the red. Earlier in the day, Asian markets had finished trading on a heavily negative note.
The six-currency Dollar Index has edged up. Bond yields mostly hardened and remained near multi-decade highs amidst FOMC minutes that showed members focused on taming inflation.
Meanwhile, Fed rate hike expectations for October continue to remain low despite minutes of the FOMC released on Wednesday reinforcing the Fed's hawkish tone at the time of the rate hike. The likel...