India, July 14 -- Amidst escalating U.S.-Iran tensions and renewed fears of a fuel-led inflationary spiral, market spotlight is on the latest consumer price inflation readings due from the U.S. as well as the Congressional monetary policy testimony by Federal Reserve Chair Kevin Warsh.
Fed Chair Kevin Warsh would testify before the House Financial Services Committee on July 14 and the Senate Banking Committee on July 15.
Wall Street Futures are trading in a mildly negative territory. Major benchmarks in Europe are trading in the red. Earlier in the day, Asian markets had finished trading on a positive note.
Dollar Index has edged down from the flatline. Bond yields mostly hardened. The likelihood of a quarter percent interest rate hike b...