India, Aug. 26 -- Market sentiment in world markets remains weak amidst worries about the timing of Fed's rate cuts, Russia-Ukraine conflict, trade tariff jitters as well as the political situation in France. President Trump's removal of Fed Governor Lisa Cook also swayed sentiment and renewed concerns about the Fed's independence. Anxiety ahead of key economic data releases also weighed on sentiment.
The CME FedWatch tool that tracks the expectations of interest rate traders currently shows expectations of a quarter-point rate cut by the Fed in September at 84.2 percent versus 83.7 percent a day earlier.
Wall Street Futures are trading below the flatline. Benchmarks in Europe are also trading on a negative note. Earlier, Asian markets ha...