India, July 28 -- Mixed sentiment prevails in global markets as anxiety ahead of the Fed decision on Wednesday lingered, while markets welcomed the easing in geopolitical tensions in the Middle East and the plunge in crude oil prices. Markets in the meanwhile waited anxiously for the earnings updates from big tech while also worrying about the adequacy of returns from massive spending in AI-related themes.
The CME FedWatch tool that tracks the expectations of interest rate traders currently shows the likelihood of a pause by the Fed on Wednesday at more than 64 percent.
Wall Street Futures are directionless. Major benchmarks in Europe are trading in positive territory. Earlier in the day, major Asian markets had finished trading on a heav...