<h1>Global markets mixed as investors await likely U.S. Federal Reserve rate decision and signs of Chinese slowdown</h1> Global markets traded mixed ahead of a likely U.S. Federal Reserve rate decision that could include a cut, with European and Asian indices showing modest gains or losses and U.S. futures slightly higher. Economic data from China showed weakening retail sales and activity indicators, prompting calls from economists at ING and asset managers for additional short-term stimulus; observers attributed some pressure to recent U.S. tariff policies disrupting supply chains. The prospect of a Fed rate reduction has heightened tail-risk for markets if policymakers do not act, while energy and FX moves remained muted, reflecting cautious positioning across asset classes.