Weak global cues from US markets and the commodity set-up for Wednesday's trade. Here is a wrap of the trade indicators-:
US Markets
- S&P 500 ends seven-day winning streak, but recovers from intra-day lows.
- Dow falls 208.98 points, or 0.6%, S&P 500 ended the day down by 0.2%
- Tech stocks outperform, Amazon hits new record high on Day 1 of Andy Jassy as CEO
Commodity Cues
- U.S. crude oil prices retreated after briefly reaching touching highest level since November 2014
- Breakdown in OPEC talks could lead to higher output from some countries
- Gold maintained position above $1800, trading above the 100 DMA
Money Market Cues
- 10-year US Treasury yield fell 7.2 basis points to 1.36%
- Yield at lowest level since February
- Traders eye Fed June meeting minutes to be released later today