India, Aug. 3 -- Wall Street welcomed August on a positive note as sentiment in global markets improved amidst easing geopolitical tensions in the Middle East. Markets cheered the massive plunge in crude oil prices and the easing concerns about fuel-led inflation.
Wall Street Futures are trading way above the flatline. Major benchmarks in Europe are also trading in mostly positive territory. Earlier in the day, major Asian markets finished trading on a mixed note. South Korea's KOSPI benchmark plunged more than 5 percent. Samsung and SK Hynix, both slipped close to 9 percent.
Dollar Index has declined mildly while government intervention boosted the Japanese yen. Bond yields mostly eased as inflation concerns eased.
Crude oil prices plun...