European markets head for mixed open as sentiment falters

This is CNBC's live blog covering European markets.

European markets are heading for a flat to higher open Tuesday as sentiment wavers. Regional markets had a cautious start to the week on Monday as the slew of third-quarter earnings slowed.

Overnight, Asia-Pacific markets largely rose, led by gains in tech and Chinese property stocks. Meanwhile, U.S. stock futures flickered near the flat line on Monday evening.

On Tuesday, investors will keep an eye out for the minutes from the Federal Reserve's Oct. 31 to Nov. 1 policy meeting . Traders are hoping to glean some insight into policymakers' rate decision and learn what it might take for them to change tack.

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Fed funds futures pricing data suggests a nearly 100% probability that the Federal Open Market Committee will hold steady on rates at its upcoming December meeting.

CNBC Pro: Fund manager reveals the under-the-radar global automation stock he prefers to its U.S. rivals

It's been a big year for Big Tech, with U.S. favorites Nvidia and Meta Platforms among the stocks that have soared in 2023.

But for those investors who fear they might have missed the boat, portfolio manager Karen Kharmandarian has an under-the-radar global tech pick.

"This company would be one we would prefer to U.S. companies when it comes to machine vision systems," the senior portfolio manager at Thematics Asset Management told CNBC Pro.

CNBC Pro subscribers can read more here.

— Amala Balakrishner

CNBC Pro: Cash is a 'missed opportunity' right now, says one pro — here's where he's investing instead

The persistent uncertainty in financial markets, along with high interest rates around the world, have raised the allure of holding on to cash — but one equities expert says this may not be the best idea.

"We're at a point where cash deposits or money in cash and money market funds is the highest it's been — a lot of investors are saying, maybe the [U.S. Federal Reserve] is peaking or going to cut rates so I should keep my money in cash — but I think that would be a missed opportunity," Andy Budden, investment director of equities at financial services firm Capital Group, told CNBC Pro.

Instead, he said it's time to "have a bit of courage" and revealed his favorite areas to invest in.

CNBC Pro subscribers can read more here.

— Amala Balakrishner

European markets: Here are the opening calls

European markets are expected to open in flat to higher territory Tuesday.

The U.K.'s FTSE 100 index is expected to open 1 point lower at 7,494, Germany's DAX up 22 points at 15,931, France's CAC up 9 points at 7,258 and Italy's FTSE MIB up 30 points at 29,627, according to data from IG.

There are no major earnings. Data releases include new car registrations for October from the U.K., France and Germany.

— Holly Ellyatt