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Indian shares are seen opening little changed on Tuesday despite positive cues from the U.S. and Europe. <\/p>\n
Asian stocks traded mostly lower this morning and U.S. stock futures were moving lower after data showed Chinese manufacturing activity unexpectedly shrank in October and non-manufacturing activity grew at a slower pace.<\/p>\n
Ahead of Fed and BOE meetings this week, investors also waited to see whether the Bank of Japan will tweak its yield-curve control at a policy meeting later today. <\/p>\n
Middle East tensions persisted, with Israeli Prime Minister Benjamin Netanyahu rejecting calls for a ceasefire in the war against Hamas.<\/p>\n
“Calls for a ceasefire are calls for Israel to surrender to Hamas, to surrender to terrorism… this will not happen,” he said, vowing Israel would “fight until this battle is won”. <\/p>\n
The World Bank warned in its latest Commodity Markets Outlook that the ongoing conflict in Middle East could push global commodity markets<\/span> into unchartered waters.<\/p>\n Gold was little changed below $2,000 per ounce while oil prices rose after falling nearly 3 percent in the previous session on demand concerns and amid signs that the Israel-Hamas war will remain contained. <\/p>\n U.S. stocks rallied overnight following last week’s sell-off, as investors looked ahead to the Fed’s rate decision and Apple’s earnings. <\/p>\n The S&P 500 rebounded 1.2 percent after officially slipping into coercion territory. The Dow climbed 1.6 percent as McDonald’s beat estimates for quarterly results. <\/p>\n The tech-heavy Nasdaq Composite gained 1.2 percent as Treasury yields dropped and oil prices tumbled, easing concerns around inflation and interest rates. <\/p>\n European stocks closed higher on Monday as Middle East worries eased and data showed cooling inflation and economic growth in Germany, the bloc’s biggest economy<\/span>.<\/p>\n The pan-European STOXX 600 inched up 0.4 percent. The German DAX edged up 0.2 percent, France’s CAC 40 rose 0.4 percent and the U.K.’s FTSE 100 added half a percent. <\/p>\n Closer home, benchmark indexes Sensex and Nifty ended Monday’s session modestly higher while the rupee ended flat at 83.25 against the dollar. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n