India, Sept. 3 -- The easing in bond yields provided some respite to global markets that helped offset the risk aversion triggered by the geopolitical situation in the Middle East. Fed rate cut expectations also eased as markets waited for the monthly non-farm payrolls data due from the U.S. on Friday morning.
The CME FedWatch tool shows the likelihood of a quarter-percentage rate hike on September 16 at 60.2 percent, declining from 63.2 percent a day earlier, amidst an easing in bond yields.
Wall Street Futures are trading close to the flatline. Major benchmarks in Europe are trading on a negative note. Earlier in the day, Asian markets had finished trading on a mixed note.
The six-currency Dollar Index has dropped more than a quarter p...