India, June 1 -- Reports of Iran's leadership halting talks with the U.S. in protest over Israel, has dampened global market sentiment on Monday. According to latest reports, Tehran has said it would halt negotiations with the U.S. over Israeli strikes on Lebanon and fully close the Strait of Hormuz.
Wall Street Futures are trading with mild losses. Benchmarks in Europe are trading deep in the red. Earlier in the day, Asian markets had finished trading on a mixed note.
Iran suspending talks with the U.S. bolstered safe haven demand for the U.S. dollar, sending the six-currency Dollar Index almost half a percent higher. Amidst the fresh uncertainty in the geopolitical situation in the Middle East, bond yields have spiked across regions and...