India, July 2 -- Sentiment in global markets improved as a sharply lower-than-expected payrolls data from the U.S. on Thursday morning caused markets to tone down fears of an immediate rate hike by the Federal Reserve.
According to the CME FedWatch tool that tracks the expectations of interest rate traders, the likelihood of a quarter percent rate hike by the Fed in July has fallen to 20 percent from 29 percent a day earlier.
Wall Street Futures have rallied as the labor report dimmed fed rate hike bets. Major benchmarks in Europe are trading on a positive note. Earlier in the day, Asian markets had finished trading on a mixed note.
Dollar Index dropped more than half a percent as markets revised lower the Fed rate hike expectations. Bon...