India, April 28 -- The stalemate in the Middle East and the spike in crude oil prices have dampened global market sentiment. Mixed earnings as well as anxiety ahead of central bank decisions also weighed on market mood.
The CME FedWatch tool that tracks the expectations of interest rate traders shows the likelihood of a status quo by the Federal Reserve on Wednesday at 100 percent. It was 100 percent a day ago as well.
Wall Street Futures are directionless. Benchmarks in Europe are trading on a negative note. Earlier in the day, Asian markets had finished trading on a mostly negative note even as Bank of Japan left interest rates unchanged. The 6-currency Dollar Index which measures the U.S. Dollar's strength against a basket of 6 currenc...