U.S. stock futures and most European stock markets were near flat and Asian indexes ended mixed as investors await the result of the U.S.-China trade talks in London.

Expectations are high after Kevin Hassett, director of the National Economic Council, told CNBC that he expected both countries to relax export controls. That in turn spurred a rally in chip stocks on Monday as investors eyed a potential easing of restrictions on China’s access to semiconductors.