Indian shares are expected to open flat to slightly lower after a sharp rise on news of a meeting between Putin and Trump. Trump downplayed expectations for the meeting, saying it would be a “feel-out” meeting. Benchmark indexes Sensex and Nifty jumped around 0.9 percent on Monday. The rupee ended 17 paise lower against the U.S. dollar. Foreign investors offloaded shares worth Rs 1,202 crore, while domestic investors bought shares worth Rs 5,972 crore. Asian stocks were mostly higher with Japan’s Nikkei surging over 2 percent. The dollar edged lower, Treasuries were stable, and oil prices were slightly higher.

Gold ticked higher after a 1.6 percent drop on Monday. U.S. stocks ended lower as investors awaited U.S. inflation data and the Trump-Putin meeting. The Dow dropped 0.5 percent, while the Nasdaq Composite and the S&P 500 eased around 0.3 percent. European stocks closed mostly lower on Monday as investors held off on making big bets. The German DAX lost 0.3 percent, France’s CAC 40 declined 0.6 percent, and the U.K.’s FTSE 100 added 0.4 percent.

Read more at Nasdaq: Sensex, Nifty Set For Muted Open On Mixed Global Cues