Indian equities are likely to open flat on mixed global cues. SGX Nifty is trading at 5,080 (9.07 a.m.), 0.14 points higher than Tuesday`s closing of 5,066.

Asian stocks rose, led by automakers and mining companies, after a Japanese export report beat economist estimates and Australia`s central bank said the country`s economy had entered a `new upswing`. Japanese benchmark index Nikkei 225 increased 7.92 points, or 0.08%, to trade at 9,409.50. Hong Kong`s Hang Seng is gained 82.79 points, or 0.37%, at 22,505.93. China`s Shanghai Composite increased 7.05 points, or 0.22% to trade at 3,230.57. (7.42 a.m., IST)

US stocks fell on Tuesday on lackluster economic data in a session marked by low volume and choppy trading, but losses eased after the Federal Reserve raised its expectations for growth in 2010. The Dow Jones industrial average dropped 17.24 points, or 0.16%, to end at 10,433.71. The Standard & Poor`s 500 Index inched down just 0.59 of a point, or 0.05%, to 1,105.65. The Nasdaq Composite Index fell 6.83 points, or 0.31%, to 2,169.18. Indian ADRs ended lower.

European stocks dropped, after gaining the most in more than a month the previous day, as a retreat in metals prices weighed on raw-material producers. UK`s benchmark index FTSE 100 down 31.54 points, or 0.59%, to end at 5,323.96. French benchmark index CAC 40 decreased 28.55 points or 0.75% to settle at 3,784.62. Germany`s benchmark index DAX dropped 32.17 points or 0.55% to close at 5,769.31.

Oil prices fell to around USD 76 a barrel Tuesday with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best. Benchmark crude for January delivery fell USD 1.54 to settle at USD 76.02 a barrel on the New York Mercantile Exchange. In London, Brent crude dropped USD 1 to settle at USD 76.46 on the ICE Futures exchange.

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