India, Aug. 4 -- After an emphatic rally on Monday, global market sentiment remains tethered to the uncertain geopolitical situation in the Middle East. Lack of clarity surrounding the U.S.-Iran peace process weighed on global market sentiment, pushing crude oil prices and bond yields higher.
Wall Street Futures are trading above the flatline ahead of the earnings update from Elon Musk's SpaceX. Major benchmarks in Europe are also trading in positive territory. Earlier in the day, major Asian markets finished trading on a mostly positive note.
Dollar Index has rallied mildly as markets await clarity on Middle East's geopolitical situation. Bond yields too hardened across regions.
Crude oil prices rebounded after Monday's plunge. Gold has...