India, Feb. 4 -- Stocks may show a lack of direction in early trading on Tuesday following the volatility seen in the previous session. The major index futures are currently pointing to a roughly flat open for the markets, with the S&P 500 futures up by less than a tenth of a percent.

Traders may be reluctant to make significant moves as they digest the latest developments regarding President Donald Trump's tariffs.

While Trump has agreed to pause 25 percent tariffs on imports from Mexico and Canada for a month, China has slapped retaliatory tariffs on U.S. imports in response to a 10 percent trade duty imposed on Chinese goods.

China's Finance Ministry said it will impose a 15 percent duty on imports of coal and liquefied natural gas fr...