Indian markets are expected to open flat tracking SGX Nifty.
The SP 500 and the Nasdaq closed slightly higher on Tuesday while the Dow
Jones closed lower. This was due to investors showing caution ahead of the policy
decision from the Federal Reserve. The Dow industrials was weighed down by shares
of McDonalds Corp which closed 4.5% lower. The SP 500 advanced 0.70 points
or less than 0.1% as the materials and industrials sectors rallied and the telecom
and utilities sectors declined. The Nasdaq rose 12.42 points or 0.2% to finish at
5110.05 for its highest close of 2016.
European equities had a mixed session swinging between gains and losses amid
earnings announcements before closing little changed. Another reason for caution
was the upcoming announcements by central banks later in the week.

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