Stock markets are currently uncertain as investors await the outcome of the closely contested US Election Day. The cautious sentiment in the market is reflected in the little movement seen in both stocks and currencies.

Oil prices have increased notably, with benchmark Brent crude futures rising to $75.08 a barrel after a 3% gain on Monday due to delays in producers' plans to boost output.

In the Asia-Pacific region, the MSCI's broadest index of shares outside Japan remained flat, while Japan's Nikkei index climbed 1.3% in morning trading. S&P 500 futures also gained 0.1%, as market participants remain vigilant for any developments related to the election results.