Global stock markets traded mixed on Tuesday on uncertainty over the US Federal Reserve's plans for interest rates next year.

With traders fully confident of a US rate reduction Wednesday, observers said they would be keeping a close eye on the central bank's so-called "dot plot" of projections for monetary policy into 2026 that will also be released.

"The lack of conviction can be attributed to a wait-and-see trade in front of the FOMC decision on Wednesday," said Briefing.com analyst Patrick O'Hare, referring to the Fed's monetary policy committee.

"Previews have been teasing the likelihood of the Fed checking in with a 'hawkish cut,' which is to say it will cut rates by 25 basis points but then signal that it is unlikely to cut rates again soon," he added.

Bets on a third successi

See Full Page