European equity markets were poised for a flat open on Tuesday, as caution dominated ahead of a series of major central bank policy decisions this week. The US Federal Reserve and the Bank of Japan are widely expected to raise interest rates on Wednesday and Friday, respectively, while the Bank of England is anticipated to keep its policy stance unchanged on Thursday.
Traders also remained alert to climbing oil prices, which are intensifying inflationary pressures, and to higher global bond yields that continue to weigh on equity valuations. In Europe, attention will center on UK unemployment figures and German economic sentiment data, with no significant corporate earnings releases on the calendar. In premarket trading, futures on the Euro Stoxx 50 and Stoxx 600 were moving broadly in line with the flatline.
