India, May 28 -- The fresh escalation in hostilities in the Middle East roiled market sentiment across regions and asset classes. The jump in crude oil prices as well as the spike in bond yields that followed also dominated market sentiment. Anxiety ahead of the release of the PCE-based inflation readings from the U.S. also swayed sentiment.
Wall Street Futures are trading below the flatline as the exchange of fire between the U.S. and Iran dampened hopes of a swift resolution of the Middle East conflict. Benchmarks in Europe are trading on a negative note. Earlier in the day, Asian markets had finished trading with heavy losses amid renewed weakness in technology shares.
Boosted by safe haven demand, the 6-currency Dollar Index which mea...