Markets Hold Steady Amid US-Iran Tensions and Fed Meeting

Global markets remained cautious on Tuesday as investors assessed conflicting signals over potential US-Iran ceasefire talks and looked ahead to the Federal Reserve's monetary policy meeting.

The relief rally sparked by the decision to pause strikes faded quickly, with oil prices remaining under pressure following a sharp decline in West Texas Intermediate crude.

Nasdaq futures were down about 1% in early European trade, contributing to a cautious mood across markets.

Investors are also awaiting the release of the Conference Board's Consumer Confidence Index data for July, which could provide additional insight into consumer sentiment.