India, Sept. 28 -- A fresh flare-up in geopolitical tensions in the Middle East and renewed concerns about the safety of artificial intelligence models weighed on global markets at the onset of the new week. Crude oil price benchmarks have jumped more than three percent amidst fresh uncertainty surrounding the opening of Strait of Hormuz. Sovereign bond yields hardened across regions.
In response to the developments, expectations of a quarter percentage rate hike by the Fed in October has increased to 70.3 percent, from 64.2 percent a day earlier, the CME FedWatch tool shows.
Wall Street Futures have shed close to half a percent in the wake of OpenAI confirming a pause in the training of its next-generation AI models. Major benchmarks in ...