US futures are pointing to a higher open today after equities finished lower in Wednesday’s trading. European equity markets have opened with gains, following mostly lower Asian markets. Sentiment in US equity market stabilizing, as traders positioning for more volatility stemming from election and November Fed meeting. Most ECB speakers see 25 bps cut in December. BoE's Bailey signaled faster rate cuts in pipeline. Companies Mentioned: Boeing, Southwest Airlines, Transocean, Seadrill

S&P futures are pointing to a flat open today. Asian markets finished Wednesday trading mixed, with Japan down for a second consecutive day. European markets opened flat and are edging lower in early trades. For today's highlight, recent reports from China suggest a think tank proposal advocating for increased fiscal support through special government bond issuance to enhance social welfare, alongside a proposed CNY2T stock market stabilization fund. This fund would focus on purchasing blue-chip stocks and ETFs. Markets are watching the upcoming NPC Standing Committee meeting for potential details and a headline stimulus figure.Companies Mentioned: Spirit Airlines, Qualcomm, McDonald's, Eli Lilly

S&P futures are pointing to a lower open today, down (0.25%). Asian markets tilted down in a quiet day, while Europe is mixed in early trades. For today's highlight, Hyundai Motor India's stock fell (4%) on its market debut, despite the IPO being oversubscribed at INR1,960/share by 2.4 times, weighing down by weak retail demand and a slowdown in India's auto sales and consumer spending. The stock was initially listed at a 1.4% discount to the IPO price. Despite this, it remains India's largest IPO by amount raised at INR278.56B ($3.3B). Companies Mentioned: Cheesecake Factory, Baidu

US futures are pointing to a lower open, while European equity markets are mixed. Asian equities also closed with varied results today. In focus today are developments from China, where the People's Bank of China cut the 1-year and 5-year loan prime rates by 25 basis points—slightly more than consensus expectations. PBOC Governor Pan indicated the possibility of reducing the reserve requirement ratio by 25 to 50 basis points by year-end. This comes amid mixed reactions to recent Chinese stimulus efforts, but hopes for more fiscal support remain strong as President Xi pushes for achieving 2024 economic goals.Companies Mentioned: Boeing, Thales, MetLife, Kenvue

US futures are signaling a mixed open today, following a similar trend seen in European and Asian markets. Market attention is focused on China’s latest economic data, where Q3 GDP growth slowed less than expected on a year-over-year basis. Strong September activity data helped offset concerns about the slowdown. Meanwhile, China's property market continues to struggle. Geopolitical tensions remain a key concern, with Israel's military targeting Hamas leaders, intensifying calls to end the war in Gaza. Discussions also continue around Israel’s response to an Iranian missile attack.Companies Mentioned: Intel, Marvell Technology, Apple, CSX Corp, Canadian Pacific Kansas City

US futures are pointing to a higher open today. European equity markets have opened with modest gains, following mixed Asian markets. Focus in Europe is on today's ECB decision, which is widely expected toa cut rates by 25 bps. Focus in Asia is China housing ministry's introduction of a 'white list' of property projects eligible for financing support, although markets were disappointed at the lack of a figure allocated to local governments to acquire unfinished homes.Companies Mentioned: Expedia Group, Uber, Intel, Universal Stainless & Alloy Products

S&P futures are indicating a flat open, while Asian and European markets are generally weaker today. For today's highlight, UK's September inflation came in below the BoE's 2% target at 1.7%, lower than the expected 1.9%. Core CPI also decreased to 3.2%, with significant downward pressure from transport costs. Pipeline inflation shows downward trends, with both output and input prices declining. These developments, along with slowing wage growth, increase the likelihood of a BoE rate cut in November.Companies Mentioned: KKR, SHEIN, Qualcomm, Intel

S&P futures are relatively stable, indicating a flat open as markets digest a mix of corporate earnings, macro data, and geopolitical developments. Asian equities mostly traded higher today, except for Greater China. European markets are broadly higher today following a positive US close, with the STOXX 600 nearing an all-time high. For today's highlight, China's market selloff intensified, with the Hang Seng index dropping almost (4%) due to weak economic data and uncertainty over fiscal stimulus plans, which disappointed investors. Key sectors like consumption, internet, and IT, along with mainland property indexes, also saw significant declines. Companies Mentioned: Frontier Communications, AMD, NVIDIA, Intel

US equity futures are indicating a softer open this morning, this comes after the S&P posted its fifth consecutive weekly gain. European markets are trading mixed, while Asian markets were similarly mixed. In today’s top stories, market attention is focused on potential stimulus measures from China. Over the weekend, China’s finance minister announced targeted fiscal policies aimed at supporting growth. These measures include raising the debt ceiling, using funds from special-purpose bonds, and stabilizing the property market through the acquisition of unsold homes. While the package lacks a headline figure and concrete consumption-boosting measures, banks like Goldman Sachs have upgraded their growth forecasts for China, citing improved policy management.Companies Mentioned: Eli Lilly, Fuji Soft, KKR

US futures are indicating a flat open today. European equity markets are little changed, while Asian markets finished mixed. Market sentiment was impacted by a hotter-than-expected September CPI print, though analysts downplayed the data as a single-month variation, with relief coming from a slowdown in shelter inflation. There was also focus on the sharp rise in initial jobless claims, which likely reflected temporary impacts from Hurricane Helene and ongoing strikes. Some hawkish comments from Fed officials suggested a potential pause in November, while others noted that inflation is clearly declining. Companies Mentioned: Tesla, Airbus, Spirit AeroSystems, Johnson & Johnson

US futures are indicating a flat open after yesterday’s rally. European equity markets are trading mixed, while Asian markets finished mostly higher. Despite rising focus remains on dampened rate volatility, and the VIX is continuing to retreat. Today's $39B 10-year auction was weaker, with the lowest dealer participation since 2018. However, concerns persist regarding the Federal Reserve's hawkish outlook, geopolitical tensions, rising oil prices, and election uncertainty. The September FOMC minutes showed broad support for a 50 bp rate cut, with most agreeing inflation risks have eased, though employment risks have increased.Companies Mentioned: GXO Logistics, San Miguel, Metro Pacific Investments

US futures are indicating a slightly lower open today. European equity markets are mostly higher, following Asian markets that ended mixed overnight. Rising yields following the jobs report have pressured equities, reflecting a more hawkish Fed outlook, though optimism around Q3 earnings persists as big banks report on Friday. However, concerns remain over potential escalation in the Middle East, with Israel considering strikes on Iranian energy infrastructure, and uncertainty surrounding the US presidential election.Companies Mentioned: Rio Tinto, Arcadium Lithium, Alphabet, Newmon, Zijin Mining Group 

US futures are pointing to a slightly higher open today. European equity markets have opened in the negative territory, following largely lower Asian markets. Sentiment towards China continues to improve with Goldman Sachs joining HSBC in upgrading its rating on equities. Nothing news came out of China's NDRC press briefing. RBA discussed scenario where rate hike could happen if financial conditions are too loose. ECB hawk Nagel supported October rate cut.Companies Mentioned: DS Smith, International Paper, Ares Management

S&P futures are pointing to a softer open today. Asian equities were broadly higher today, led by Japan's Nikkei and the Hang Seng. European equity markets are lower in early trades. Hong Kong-listed Chinese stocks extended their recent upward momentum today. The sustainability of this rally is believed to depend on the scale of fiscal responses and signs of macroeconomic stabilization. China's National Development and Reform Commission is expected to outline policies to support economic growth on Tuesday, with expectations of a fiscal package up to 2 trillion yuan. For this week, key macro events include the release of the FOMC minutes and US CPI data, both on Wednesday. The US CPI is anticipated to show further moderation in inflation, although strong August payrolls have reduced the likelihood of another rate cut in November. Companies Mentioned: Vista Outdoor, Wynn Resorts, Pfizer

US futures are indicating a slightly positive open. European equity markets are mostly firmer, Asian equities mostly finished higher. Markets are on edge as geopolitical tensions rise. Israel is reportedly mulling its response to a missile barrage from Iran earlier this week. Oil prices spiked Thursday after President Biden indicated that the US is discussing support for an Israeli strike on Iranian crude facilities. Iranian oil production hit a six-year high in August, but analysts warn a strike could knock about 1.5 million barrels per day off the market. Brent crude is on track for its biggest weekly gain since early 2023, up around 10% from recent lows.Companies Mentioned: Barnes Group, Apollo Global Management, Cisco Systems, CoreWeave, Spirit Airlines

US futures are pointing to a lower open today. European equity markets have opened under pressure but are off their lows, following mixed Asian market trades. Global markets still focusing on Middle East tensions as situation remains fluid while markets await Israeli response to Iran's missile barrage. Israel reportedly not looking to spark regional war, and markets do not envisage major hit to oil supply. Yen under pressure as markets process dovish-leaning comments from BOJ officials and new PM Ishiba. ECB officials increasingly backing October rate cut. BOE could get more aggressive on rate cuts if good news on inflation continues. Companies Mentioned: Apollo Global Management, Vonovia, United Airlines, Ares Management Corp

S&P futures are pointing to a slightly lower open today, down (0.1%), as global markets navigate heightened geopolitical tensions in the Middle East. In Asia, Hang Seng extended recent rallies, while rest of the region closed broadly lower. European equity markets are higher in early trades. Hang Seng Index surged over +6% today, continuing the rally fueled by recent stimulus. Hang Seng China Enterprises Index +7%, Hang Seng Tech +8.5%, and Hang Seng Mainland Properties Index +14.8%. The extended rally reflects optimism about Chinese assets following Beijing's stimulus package. Goldman Sachs reported record net purchases of Asian stocks by hedge funds in September, primarily in China and Hong Kong. Companies Mentioned: KKR, Infinera, Summit Midstream, Apple

US equity futures are indicating a slightly weaker open today. European equity markets are trading mostly higher, and Asian markets finished mixed. Market attention today is on Eurozone inflation data, a key input ahead of the next ECB meeting later this month. Recent national inflation readings have surprised on the downside, and with weak PMI data, bets on an October ECB rate cut have risen to around 80%. Meanwhile, in the US, Fed Chair Jerome Powell said the FOMC is not in a rush to cut rates but emphasized that future decisions will be guided by incoming data. Overseas, the BOJ's September Summary reaffirmed its gradual path to policy normalization, though some members cited uncertainties supporting no immediate changes.Companies Mentioned: Amazon, Google, Meta, PepsiCo

S&P futures are pointing to a flat open today, down (0.02%). In Asia, Greater China markets recorded historical gains, with the Shanghai Composite up +8%, while Japan's Nikkei 225 plummeted close to (5%) . European equity markets are broadly lower in early trades. Chinese stocks have rallied for nine consecutive days as the CSI 300 surged +8.5%, its largest jump since 2008. Having lost over (45%) from its 2021 peak, the index has rebounded over +20%. Despite the rally, the MSCI China forward P/E remains at 10.8x. UBS has increased its target for MSCI China to $70. Morgan Stanley predicts an additional +10% upside for the CSI 300. HSBC notes that new measures from China's central bank may boost corporate buybacks. Companies Mentioned: TPG, Boeing, OpenAI, Devon Energy

US futures are pointing to a flat open. European equity markets are slightly higher and Asian equities mostly finished higher, led by sharp gains in Greater China and Japan’s Nikkei. Risk appetite continues to lean positive, boosted by optimism around the technology sector and AI growth prospects. Market sentiment is also supported by encouraging US macroeconomic data and additional stimulus measures from China. The soft-landing narrative has gained traction, lowering expectations of a large Fed rate cut. In Europe, weaker economic data has increased the likelihood of a rate cut by the ECB in October, and the Bank of England may also ease policy by November. Meanwhile, the ongoing oil price selloff is attracting attention, with reports suggesting that Saudi Arabia may back away from its unofficial $100 price target.Companies Mentioned: Intel, Arm, Amazon, EchoStar, AT&T, TPG

US futures are pointing to a higher open today on positive sentiment from after-hours rally in Micron. European equity markets have opened in the positive territory, following mostly positive Asian market trades. China set to issue one-off cash handouts to people in poverty to boost holiday spending, while reportedly considering CNY1T capital injection into state banks. RBA Financial Stability Review has no surprises. South Korean policy officials debate over measures. SNB cut rates by 25bps.Companies Mentioned: Automatic Data Processing, Aramark, Johnson & Johnson

S&P futures are pointing to a lower open today, down (0.14%). Asian equities closed mixed for the day, while European equity markets are broadly lower in early trades. Chinese equities were slow to advance further following Tuesday's rally. The initial impact of China's stimulus measures is also diminishing in European markets, though the sentiment remains largely positive in the APAC region. Strategists note potential upside for market PE ratios, with sectors like high-dividend stocks, internet platforms, financials, and property developers expected to benefit. Economists are optimistic about the PBOC's easing measures but emphasize the need for additional fiscal support to stimulate private consumption.Companies Mentioned: KKR, Lifeway Foods, SAP

S&P futures are indicating a higher open today, up +0.22%. Following China's policy easing announcements, Asian equities closed mostly higher, with Shanghai Composite and Hang Seng recording substantial gains. European equity markets are also higher in early trades. In today's highlight, PBOC announced measures to stimulate China's economy, including a 50 bps cut to the RRR to release CNY1T in liquidity, with potential further cuts by year-end. The 7-day reverse repo rate will decrease by 20 bps to 1.5%, and interest rates on existing mortgages will be reduced, alongside a nationwide reduction in the down payment ratio for second homes to 15%. China will also allow funds and brokers to use central bank funding for stock purchases and establish special refinancing options for share buybacks. Companies Mentioned: Chevron, Liberty Broadband, Visa, Brookfield Asset Management

US futures are indicating a softer open. European equity markets are mixed and Asian markets were mostly higher. Markets are still reacting to last week’s Federal Reserve rate cut, with futures indicating a 50% chance of another cut in November. In China, the PBOC reduced its 14-day reverse repo rate by 10 basis points ahead of the upcoming Golden Week holiday. This move follows weak macro data for August and comes as CNY1.5 trillion in funds are set to mature this week. In Japan, takeaways from the recent BOJ meeting, and Governor Ueda’s press conference, leaned dovish, signaling a potential delay in rate hikes to December.Companies Mentioned: Intel, Tesla, BMW, Volkswagen, Vail Resorts

US futures are indicating a softer open today. European markets are lower, following Thursday's gains. Asian markets finished mixed. The focus today is on the BoJ decision, where no changes to policy were made, as widely expected. The policy statement was notably brief, with no forward guidance, leaving market participants evaluating the broader impact of the Fed's outsized rate cut. The BoE is tipped to cut rates again in November after leaving policy unchanged on Thursday. In US, optimism around a potential soft landing continues to drive rotation into big tech and cyclical stocks, while defensives are being sold off. There is growing anticipation around the Fed’s next steps, particularly how these cuts might impact inflation and economic growth in the coming quarters.Companies Mentioned: Battalion Oil

US futures are pointing to a higher open today. European equity markets have opened in the positive territory, following higher levels in Asian markets. Fed's 50bp rate cut reverberating. Powell cautioned against presumption that outsized rate cuts will continue. But markets continue to price in more dovish rate path than implied by dot plot, expecting 70 basis points of additional cuts by end-2024. BOJ, Norges Bank, BOE expected to leave policy unchanged in coming days.Companies Mentioned: Vistra, Bel Fuse, Palantir Technologies

US futures are indicating a flat open today. European equity markets are trading slightly lower, while Asian markets finished mixed. In top stories, the debate over the Fed’s upcoming rate decision remains front and center. The market is pricing in a 63% chance of a 50-basis point rate cut at today's FOMC meeting, though economists are leaning toward a 25-basis point reduction. The updated Summary of Economic Projections will be closely watched, with forecasts suggesting 75 basis points of cuts in 2024. However, market pricing implies as much as 110 basis points in cuts by year-end.Companies Mentioned: Google, BlackRock, Microsoft, Brookfield Asset Management, NVIDIA, Nippon Steel, United States Steel

US futures are indicating a higher open today, up +0.2% as market awaits the upcoming macro events. Asian equities traded mixed in another quiet session, and European equities are broadly firmer in early trades. Anticipation builds for the FOMC meeting on Wednesday and the BOJ meeting on Friday. Futures increasingly suggest a 50 basis point Fed rate cut, but the focus may shift to expected rate cuts in 2024 and 2025, totaling an anticipated 250 basis points by the end of 2025. The BOJ is expected to maintain current policy, but market attention will be on Governor Ueda's communication to guide expectations for future rate hikes without inciting the volatility seen after the 31-Jul meeting.Companies Mentioned: Intel, AMD, Sony

US futures are indicating a flat open. European equity markets are trading lower, following a mixed session in Asia where equities finished with minor gains and losses. Market attention is focused on central bank decisions this week, with the Fed, BoE, BoJ, and PBoC all on the agenda. A majority of economists anticipate a 25 basis points Fed rate cut, though markets are positioning for a potential 50 basis points cut at Wednesday’s FOMC meeting. Yen strength is the main story in FX markets. Another round of soft Chinese economic data has increased concerns over the country’s ability to meet its 2024 growth target. Companies Mentioned: Blackstone, Walt Disney, Amazon, Samsung, Xiaomi

US futures are pointing to a slightly higher open today. European equity markets have opened in the positive territory, following mixed Asian market trades. Market attention is shifting back to Fed policy after ECB's 25-bp cut. It's expected to be close call between move of 25bp and 50bp. BOE expected to keep policy unchanged next week with next cut more likely in November. A BOJ rate hike in December is anticipated though some also see October hike at earliest.Companies Mentioned: Blackstone, DigitalBridge, Liberty Global

US futures are pointing to a firmer open today. European equity markets are trading up, and Asian markets finished broadly higher, driven by a tech rally in Japan, Korea, Taiwan, and Hong Kong. Top stories today include bullish sentiment in the tech and AI sectors, buoyed by remarks from NVIDIA CEO Jensen Huang on demand for AI chips. In macro news, US core inflation came in slightly hotter than expected, prompting markets to scale back expectations of a 50 basis point rate cut by the Fed next week. However, the broader disinflation narrative remains intact, with the Federal Reserve now more focused on growth risks and the labor market. Companies Mentioned: Google, OpenAI, Microsoft, Nippon Steel, US Steel

S&P futures are indicating a lower open today, down (0.27%). Asian equities were mostly lower this Wednesday, while European equities are exhibiting strength in early trades. Market attention is turning to tonight's US August CPI, expected to show annualized core holding at 3.2% y/y. In the recent presidential debate, Trump and Harris engaged in discussions on various issues without major revelations, largely reiterating their usual talking points and criticisms. Election betting markets favored Harris during the debate, and a CNN poll showed 63% of viewers believed she won. Trump criticized the Biden administration's immigration and economic policies, while Harris focused on Trump's stance on abortion rights. The race remains tight nationally and in battleground states. Both campaigns expressed readiness for a second debate.Companies Mentioned: Rightmove, TPG, Elevance Health, Goldman Sachs

US futures are pointing to a lower open today. European equity markets are trading higher, while most Asia markets finished mixed, though gains were modest amid choppy trading. Market sentiment has improved, with recent US jobs data seen as not weak enough to undermine the narrative of a soft landing for the economy. However, the ongoing AI momentum has come under increased scrutiny, although the broader secular growth theme remains largely intact. In Japan, yen strength has weighed on equities, but the reduced likelihood of aggressive Fed rate cuts is helping to limit market volatility.Companies Mentioned: KKR, Carlyle, Mizuho, CVC, Laboratorios Farmaceuticos Rovi

S&P futures are indicating a higher open today, up +0.61%. Asian equities were under pressure, with Hong Kong recording the greatest losses in the region. European equities are broadly firmer in early trades. In today's highlight, China's August consumer inflation rose by 0.6% y/y, slightly below the expected 0.7%. Food prices, particularly fresh vegetables and pork, significantly contributed to the rise. Notable declines were in airfares and hotel prices. YTD inflation remains at 0.2%, below the government's 3% target. Core inflation fell to 0.3%, its lowest in nearly 3.5 years. PPI declined by 1.8% y/y, marking the steepest drop since April and the 23rd consecutive month of deflation, due to weak demand and falling global commodity prices.Companies Mentioned: Vista Outdoor, Alphabet, Arm Holdings, News Corp, Tesla

US futures are pointing to a lower open today with Broadcom dragging down Nasdaq afterhours on earnings. European equity markets have opened lower, following mixed Asian market trades. US nonfarm payrolls expected to show step-up in headline jobs growth and downtick in unemployment rate. Today's print takes on added importance in shaping hard vs soft-landing debate, as well as determining whether Fed is expected to cut by 25 or 50 basis points this month.Companies Mentioned: Salesforce, Apple, Tencent, Mobileye, Qualcomm

US futures are pointing to a flat open today. European equity markets are trading mixed, while Asian equities showed a similarly mixed performance. Market attention today remains on the aftermath of Tuesday’s major selloff, which lacked a clear catalyst but was attributed to several factors including softer macro data, systematic unwinds, and yen strength. Growth concerns are increasing, particularly following weaker-than-expected JOLTS job openings data and cautious takeaways from the Fed’s Beige Book.Companies Mentioned: Nvidia, Nippon Steel, US Steel, Sandy Spring Bancorp

S&P futures are pointing to a lower open today, down (0.37%). Asian equities closed broadly lower today, with Nikkei down (4.24%). European markets are also weaker in early trades. In today's highlight, Asia's semiconductor sector tumbled today following Nasdaq's sharp declines on Tuesday. Major semiconductor companies in Japan, Taiwan, and Korea faced their worst single-day fall since the Aug-5 meltdown. The sell-off is attributed to high valuations and concerns regarding AI capital expenditure and return on investment. Media reports indicate that NVIDIA and several other companies have received subpoenas from the DOJ concerning potential antitrust violations.Companies Mentioned: NVIDIA, Apple, Fuji Soft

S&P futures are basically unchanged, suggesting a flat open today. Asian equities traded mixed in a quiet Tuesday session., while European markets are broadly higher in early trades. In today's highlight, South Korea's inflation fell to its lowest since March 2021, widening the scope for a rate cut in the coming months. Inflation rate eased to the Bank of Korea's target with the headline CPI increasing by 2% y/y in August, slightly below the expected 2.1% and down from 2.6% in July. With inflation now at the BOK's target, four out of seven board members are considering a potential interest rate cut by year-end, and some economists anticipate a move as soon as October.Companies Mentioned: Blackstone, Tesla, Morgan Stanley, Fuji Soft

US futures are indicating a positive open today. European equity markets are mostly higher, following the mostly advancing Asian markets with China markets outperforming. Market attention today is centered on the upcoming PCE index release, which is expected to show core PCE inflation trending downward, potentially falling below the Fed's 2% target on a three-month annualized basis. Next week’s August nonfarm payrolls report is also anticipated to be a critical factor in shaping monetary policy decisions for the remainder of the year. Companies Mentioned: Intel, Nvidia, OpenAI, Tencent, NetEase

US futures are pointing to a slightly lower open today. European equity markets have opened flat, following mixed Asian market trades. In US, attention is on chip sector with Nvidia down almost 9% afterhours. Eurozone market is now pricing in September cut and 60 basis points worth of easing for Q4. China's growth concerns in focus with UBS forecast downgrade.Companies Mentioned: Nvidia, Apple, Big Lots, Agriculture & Natural Solutions Acquisition

S&P futures are indicating a flat open today, up +0.02% as the market awaits for NVIDIA's earnings. Asian markets finished Wednesday trading mostly lower, while European markets are broadly firmer in early trades. For today's highlight, in a recent speech, BOJ Deputy Governor Himino emphasized the need for vigilant market monitoring due to ongoing instability, aligning with Governor Ueda's earlier statements. He reaffirmed that the BOJ will consider market impacts and the July rate hike before adjusting monetary policy, contingent on confidence in their outlook. Companies Mentioned: NVIDIA, Anglo American

S&P futures are indicating a higher open today, up +0.11%. Asian markets finished Tuesday trading mixed, while European markets are broadly firmer in early trades. For today's highlight, Chinese e-commerce firms are facing significant challenges due to a weak economy and intense competition. PDD Holdings warned of slowing revenue growth, causing its stock to drop (29%), the largest single-day loss since its IPO, erasing nearly $55B in market value. This impacted Alibaba and JD.com, which both fell (4%). Analysts see PDD's struggles as indicative of broader headwinds in China's e-commerce sector, as companies compete in a saturated market. Companies Mentioned: Paramount Global, Disney, Zip Co, Apple

S&P futures are indicating a higher open today, up +0.13%. Asian markets finished Monday trading mixed, and European equity markets are also mixed in early trades. For today's highlight, the PBOC left the MLF rate unchanged while draining a net CNY101B after a delayed operation. The yuan's midpoint fixing is the strongest since mid-June, with policymakers focusing on preventing sharp appreciation. Economists have lowered their 2024 forecasts for China's inflation, investment, and consumption due to weak domestic demand, despite expected rate cuts. Retail sales growth is projected at 4%, the lowest outside the pandemic, and fixed asset investment is down to 4.2%. The CPI forecast is reduced to 0.5%. Companies Mentioned: Intel, Visa, Carlyle, Blackstone, Paramount Global, Coupang

US futures are indicating a higher open today. European equity markets have opened strong, following the mostly advancing Asian markets.  Market attention is focused on Fed Chair Powell's upcoming testimony at the Jackson Hole Symposium. Expectations are that Powell will set the stage for easing while reiterating the Fed's data-dependent approach, though he is likely to avoid any explicit signaling. The ongoing debate centers on whether the Fed will opt for a 25 or 50 basis point cut next month.Companies Mentioned: Paramount Global

S&P futures are indicating a flat open today. Asian markets finished Thursday trading mixed, and European equity markets are extending recent rallies in early trades. For today's highlight, The July FOMC minutes highlighted increased employment risks and indicated that a majority of participants consider a September rate-cut likely appropriate. The minutes reaffirmed that inflation is moving toward the 2% target, though it remains somewhat elevated. While some officials supported a 25 basis point cut in July, the consensus leaned towards a September adjustment. Following BLS payroll revisions, markets increased odds of a 50 basis point hike in September.Companies Mentioned: Paramount Global, Telefonica, Halliburton

S&P futures are pointing to a flat open today ahead of the annual payrolls benchmark revision and the July FOMC minutes. Asian markets finished Wednesday trading broadly lower, and European equity markets are higher in early trades. For today's highlight, China tech shares declined as the Hang Seng Tech index fell (1.9%). JD.com saw a (9%) drop after reports that Walmart sold its stake in the company, raising $3.6B at an 11% discount. Analysts suggest the sale affects sentiment across the tech sector, with local investment insufficient for a substantial recovery. Kuaishou Technology fell nearly (10%) due to disappointing ad revenue, while Vipshop Holdings dropped (18%) on falling sales and a weak outlook. Alibaba and Tencent's recent results did not ease concerns over the consumer environment.Companies Mentioned: JD.com, Walmart, Hyatt Hotels, Arch Resources

US futures are indicating a higher open today. European equity markets have opened strong, following advancing Asian markets. More Fed officials signaling openness to near-term easing with Powell expected to reinforce expectations of September cut. Market also weighing prospects for rate path beyond next month as hard-landing fears ebb. Economists now expect three 25bp rate cuts at three final meetings of 2024.Companies Mentioned: Apple, Boeing, Airbus, GE Licensing, Dolby Laboratories

US futures are indicating a flat open today. European equity markets are trading lower, following their best weekly performance in three months. In contrast, Asian equity markets were mostly higher, although the Nikkei was notably down. Market attention this week is squarely on the Jackson Hole Symposium, with a significant focus on Fed Chair Powell's upcoming speech on Friday regarding the economic outlook. There is considerable anticipation over whether Powell will reinforce expectations for a 25 basis point rate cut in September, especially after several Fed officials last week signaled support for near-term easing. In Europe, Germany has announced it will reject new aid requests from Ukraine due to budget cuts. Data indicates UK property buyers return, commercial real estate shows recovery, and job vacancies rise for the first time this year, reflecting a pick-up in economic activity.Companies Mentioned: Hyatt Hotels

US futures are indicating a higher open today. European equity markets have opened strong, following advancing Asian markets. Markets in risk-on mode following better-than-expected US retail sales data, allaying concerns about US consumer health and putting more traction behind soft-landing narrative. Markets now ready for a 25 basis point rate cut next month.Companies Mentioned: PropertyGuru Group, EQT Private Capital, Portillo's, Autodesk

US futures are indicating a slightly positive open today. European equity markets are trading firmer, while Asian markets have finished mostly higher. Market attention is focused on the softer-than-expected US CPI data, which has reinforced expectations for a potential September Fed rate cut. Core inflation is down to its lowest annualized level since early 2021. Eyes are now on today’s July retail sales and Walmart earnings for further indications on the health of the US consumer and the potential implications for the ongoing soft- vs. hard-landing debate. In Europe, Bank of England rate cut expectations have risen due to softer-than-expected inflation. Later today, the Norges Bank is expected to announce its policy decision, with markets anticipating the rate will remain at 4.5%.Companies Mentioned: T-Mobile US, Arm Holdings, INTC, NVIDIA, XPO Inc.

S&P futures are pointing to a flat open today ahead of the July CPI data. Asian markets finished Wednesday trading mix, and European equity markets continue to climb in early trades. In today's macro news, Japan Prime Minister Fumio Kishida has announced that he will not run in the upcoming LDP presidential election, effectively stepping down as PM once a new leader is chosen. Kishida's withdrawal introduces market uncertainty, with no clear successor favored by markets. While most contenders support monetary policy normalization, the implications for fiscal policy and investor participation initiatives, such as the NISA program, remain uncertain. Analysts expect equities to be most affected, with yen direction influenced by external factors and JGBs by supply-demand conditions.Companies Mentioned: Honeywell, Allstate, Alphabet, Kellanova, Southwest Airlines

S&P futures are indicating a higher open today, up +0.45% following mixed trading in Asian markets. European equity markets are edging higher in early trades. In today's macro news, China is intensifying its crackdown on a bond market surge, instructing rural banks in Jiangxi not to settle recent China Government Bond purchases. At least four Chinese brokerages have reduced CGB trading. The benchmark 10-year yield rose to about 2.25% from an all-time low of 2.12% earlier in August. Meanwhile, stock trading volumes in Mainland China hit four-year lows, with pessimism potentially near trough levels. Trading volume in Hong Kong also fell to its lowest since February, following recent optimism over a potential rotation from Japanese to Chinese stocks due to attractive valuations.Companies Mentioned: General Motors, Albemarle, Apple

US futures are indicating a flat open today. European equity markets are trading little higher, continuing their recent rally, while Asian markets finished mixed on Monday. Market attention is focused on key data releases this week, including US CPI and retail sales figures, which could influence the Federal Reserve's monetary policy. The soft-landing narrative has gained traction, particularly following a strong market reaction to soft payroll data. Geopolitically, the US is sending additional forces to the Middle East in anticipation of a possible Iranian attack on Israel. In Europe, Moscow has reported that Ukrainian troops have advanced 30 kilometers inside Russia, as the offensive in the Kursk region entered its sixth day.Companies Mentioned: Partners Group Holding, TPG, Inc.

US futures are indicating a higher open today, European equity markets are trading up, following a broadly higher session in Asia. Market sentiment improved after lower-than-expected US jobless claims alleviated fears of a hard landing, which had fueled recent market sell-offs. This has led to some dip buying, especially as valuations have pulled back. However, there are ongoing concerns about a potential US recession, weakening consumer health, and the continued unwinding of yen carry trades. Additionally, the rapid growth in AI-related capital expenditures and potential seasonal market weakness remain areas of focus.Companies Mentioned: Walt Disney, Iteris

US futures are indicating a flat open today. European equity markets are trading lower, following mixed performances in Asian markets on Thursday. Uncertainty remains high in the markets. Sentiment has been somewhat dampened by Wednesday's poor US 10-year Treasury auction, which still lingers as a concern over potential mishandling of the US economy. A key focus today will be on the US weekly jobless claims report, especially after last week's slower employment growth. Companies Mentioned: Google, Meta Platforms, Blue Owl Capital Corp, Blue Owl Capital Corp III

S&P futures are indicating a higher open today, up +0.55% following Asian markets extended their recent rebounds today. Optimism is being fueled by dovish remarks from the Bank of Japan's Deputy Governor Uchida, which have eased fears of another imminent rate hike amid financial instability. In today’s highlights, the yen continues its retracement, erasing this week's gains against the dollar following BOJ Deputy Governor Uchida's speech downplaying further rate hikes. Uchida emphasized the need to maintain monetary easing, citing volatile financial and capital markets. Uchida stated the Bank won't raise rates amid market instability and suggested recent US data reactions are exaggerated. Companies mentioned: Illinois Tool Works, WPP Group, Cathay Pacific Airways

After Monday's significant drops in both Asian and U.S. markets, S&P futures are indicating a higher open today, up +0.9% following Asian markets' strong rebounds today. Japan's Nikkei surged over +10% in its largest single-day rise, and Topix climbed 9.3%. The top story today is the better-than-expected US ISM services data, which appears to have eased concerns over a hard landing fueled by last week's soft ISM manufacturing and US payrolls data. This has led to a risk-on session attributed to oversold conditions. While growth risks have increased, economists do not see recession as the base case. Analysts suggested the equity market meltdown was more due to a wind-down of carry trades than a change in the US economic outlook. However, the respite might be temporary as the VIX index remains elevated, signaling potential volatility ahead.Companies Mentioned: Warner Bros. Discovery, Vornado Realty Trust

US futures are indicating a sharply lower open today. European equity markets are also trading significantly lower, following deep losses in Asian markets. Market sentiment remains highly negative following last week's trade, as concerns about global growth intensified after soft US payrolls data and a rate hike from the BoJ triggered yen-driven volatility. Technology stocks are particularly under pressure due to negative AI-related takeaways from recent US earnings. Additionally, Middle East tensions, US election uncertainty, and negative seasonality are adding to the overall market gloom. In Asia, Japan's TOPIX index triggered a circuit breaker after a steep drop, down around 20% from its peak.Companies Mentioned: NVIDIA, Alphabet, Carlyle Group, Quantum Capital Group

US futures are indicating a lower open today. European equity markets have opened in the negative territory, following sharply lower levels in Asian markets. Markets fully pricing in three Fed rate cuts in 2024. Japan equities experienced biggest one-day drop since 2016. Economists now weighing the timing of next BOJ rate hike, with majority anticipating another 25bp hike by end-2024 and plurality eyeing December move. Companies Mentioned: NVIDIA, Tradeweb Markets, CooperCompanies, Occidental Petroleum

Fed held the benchmark rate in a unanimous decision with policy statement mostly unchanged, while Powell said September rate cut could be on table. BOE policy decision later to be finely balanced. Positive US earnings takeaways seem to have renewed enthusiasm towards AI.Companies Mentioned: Amazon, Reddit, Southern California Bancorp (San Diego), California Bancorp

S&P futures are indicating a higher open today, up +0.87% following mixed results from Mag 7 earnings. Asian equities closed broadly higher today, and European equity markets are firmer in early trades. The Bank of Japan has increased its uncollateralized overnight call rate to 0.25% from the previous range of 0~0.1% by a 7-2 vote, defying market expectations for no change. The BOJ also unanimously agreed to reduce monthly JGB purchases to ¥3T ($19.6B) in 1Q26, with further quarterly reductions of ¥400B. The adjustments aim to achieve the 2% inflation target while maintaining accommodative financial conditions, as real rates are expected to remain significantly negative. The July Outlook Report revised the FY24 core CPI forecast down to 2.5% from 2.8%, upgraded FY25 to 2.1% from 1.9%, and kept FY26 unchanged at 1.9%. Companies Mentioned: Microsoft, AMD, Intel

S&P futures are indicating a higher open today, up +0.2% following weak sessions in Asia. European equity markets are broadly firmer in early trades. Markets are in a mostly risk-off session as they await key catalysts from this week, including Wednesday's Fed and BOJ meetings, Thursday's BoE policy decision, and high-profile data such as Eurozone inflation, China PMIs, and US nonfarm payrolls. Additionally, of the Magnificent 7, Microsoft, Meta, Apple, and Amazon are set to report earnings this week. Recent tech underperformance has been driven by rotational flows amid concerns over stretched valuations, positioning, and increased scrutiny on AI.Companies Mentioned: Renasant Corporation, First Bancshares, Warner Bros. Discovery, PDD Holdings

US futures are indicating a higher open today. European equity markets are mostly higher, following Asian markets finished mostly higher. Sentiment is positive at the start of the week as market participants anticipate dovish policy updates from the Fed and BoE. The Fed is expected to keep rates on hold, but markets are more interested in whether officials will give a firmer indication that a September rate cut is coming. Market participants are evenly split on Thursday's BoE decision. The yen is extending its biggest weekly advance against the dollar since the late April intervention. China's industrial profit growth rebounded in June, attributed to a surge in output and easing of factory-gate deflation pressures. Companies Mentioned: Apple, Boeing, Abbott Labs

US futures are indicating a higher open. European equity markets are trading mixed, following Asian markets finished mixed on Friday. Market attention today is on the advance reading for Q2 GDP, which showed the economy growing at 2.8% q/q, well ahead of the consensus 1.9%. It indicates a healthy consumer and inflation moving in the right direction, which may prompt Fed Chair Powell to take a slightly more hawkish stance. Yen volatility continues, hitting its highest level against the dollar since early May, driven by a hawkish repricing of BOJ rates and a pickup in Fed easing expectations. BoE rate cut pricing is now more than 50% for August and fully priced for two moves of 25 bps by year-end.Companies Mentioned: JPMorgan Chase, Johnson & Johnson, GE Vernova

US futures are pointing to a lower open today. European equity markets have opened in the negative territory, following weaker levels in Asian markets. Nasdaq experienced largest one-day drop since December 2022. Sell-off is attributed to disappointing tech earnings takeaways. Yen continues to strengthen ahead of next week's BOJ meeting, rallying to its highest against US dollar since early May. Pick-up in Fed rate cut expectations also comes as the BOJ nears decision to hike again.Companies Mentioned: Disney, Amazon, Comcast, Warner Bros. Discovery, Edwards Lifesciences

S&P futures are indicating a lower open today, down (0.7%) following weak sessions in Asia. The top stories driving the global market today are the recent U.S. tech earnings, with Tesla and Alphabet both posting mixed results, weighing on investor sentiment. Tesla shares are down (8%) after hours following a bottom-line miss. The company's operating margin was weighed down by price cuts amid weaker EV demand and AI-driven rise in expenses. Elon Musk also confirmed the delay of the Robotaxi event to 10-Oct. Alphabet shares fell (2%) after hours despite Q2 revenue topping forecasts. AI-related demand underpinned Cloud revenue, though capex came in a bit higher than expected.Companies Mentioned: Alphabet, Tesla, FTAC Emerald Acquisition

S&P futures are indicating a lower open today, down (0.37%) following mixed trading in the Asian markets. European equity markets are softer in early trades. US politics continues to dominate press coverage, as Democrats rally around Vice President Kamala Harris for the 2024 presidential election. Momentum behind her candidacy had been building since President Biden dropped out of race, with Harris nabbing support of several Democrats, including former House Speaker Pelosi. Though Harris has secured enough delegates to clinch nomination, Trump is still favored to win. Political analysts have noted she still faces an uphill battle in general election against Trump and has trailed Trump in nearly every national and battleground state poll this year. Trump's front-runner status leaves the market's focus on his economic and trade policies. Companies Mentioned: United Parcel Service, Alphabet, Wiz, Warner Bros. Discovery, Amazon, Archrock

US futures are indicating a higher open today. European equity markets are trading higher, following mostly lower finishes in Asian markets on Monday. Market attention today is focused on the recent withdrawal of President Biden from the presidential race, endorsing Vice President Harris as the Democratic nominee. This development has raised questions about the potential impact on the election trajectory, with Trump still favored to win. China unexpectedly cut the 1-year and 5-year loan prime rates by 10 basis points and the 7-day reverse repo rate by 10 basis points, the first reduction since August. Discussions continue on Bank of England rate cut expectations for August amid mixed UK data last week. Companies Mentioned: Tellurian, Woodside Energy Group, NVIDIA

US futures are indicating a lower open, European equity markets are trading lower, following Asian markets are also trading lower on Friday. Market attention today is that Donald Trump has formally accepted the presidential nomination. He insisted his policies will lower inflation, interest rates, and national debt. He reiterated promises to lower energy costs by drilling for more oil, make permanent the 2017 tax cuts, end the EV mandate, gut funding for green projects, and protect social security and Medicare. There is renewed speculation that Biden will soon exit the race. Numerous PC users worldwide, including airlines and the London Stock Exchange, have been affected due to Windows crashes this morning.Companies Mentioned: Microsoft, R1 RCM, Surgery Partners

US futures are indicating a higher open today. European equity markets have opened mixed in choppy trades, following mixed to lower levels in Asian markets. Japanese yen volatility still in focus. US-Japan yield gap narrowed recently as markets dial up Fed rate cut expectations and BOJ nears decision on July rate hike. Trump's criticism of weak yen also a factor putting momentum behind yen. ECB widely expected to leave key policy settings on hold today.Companies Mentioned: Warner Bros. Discovery, Ducommun, Hyatt Hotels

S&P futures are indicating a lower open today, down (0.64%) after mixed sessions in Asia. European equity markets are also softer, following lower finishes on Tuesday. The top macro stories driving the global market today are mixed macro data from Asia and Europe, alongside renewed geopolitical tensions following former President Trump’s comments on Taiwan. UK inflation remained at the BoE's target as June CPI came ahead of estimates at +2%, though services prices are still elevated. The BoE's August rate cut expectations dipped to 25% from 50% prior to the update. New Zealand’s Q2 inflation came in below forecasts, softening to +0.4% q/q. Former President Donald Trump’s comments on Taiwan defense costs have sparked geopolitical concerns, raising questions about potential changes to U.S. policy should he return to office.Companies Mentioned: Gitlab, Primerica, Eni, KKR, Blackstone

S&P futures are indicating a higher open, up +0.2%, as markets continue to process the political implications of the recent assassination attempt on former President Donald Trump. Market's attention today is on the takeaways from China’s Q2 GDP and June activity data, which highlight persistent weakness in domestic demand and the property market. The weaker-than-expected GDP has renewed doubts about the achievability of the government's annual GDP target of ~5%, leading to calls for stronger policy support. Companies Mentioned: KKR, Verizon, Match Group, Microsoft, Alphabet, Lineage Logistics

US futures are indicating a higher open today. European equity markets are trading lower, following mixed finishes in Asian markets on Monday. Market attention is on the fallout from the assassination attempt on former president Donald Trump over the weekend. This incident has sparked significant discussion about its potential impact on the upcoming election, with the odds predicting a higher probability of Trump’s winning. This is expected to bolster the 'Trump trade,' potentially leading to a steeper yield curve and a stronger dollar.Companies Mentioned: Alphabet, Goldman Sachs, Boeing

US futures are indicating a flat open today. European equity markets are trading higher, following Asian markets finished mixed on Friday. Cooler-than-expected US CPI data added momentum to the disinflation trajectory. This firmed market expectations of a September rate cut, with some even pricing in a third cut by year-end. Media continues to focus on whether US President Biden will remain 2024 presidential race.Companies Mentioned: FMC Corp, SoftBank Group, Boeing

US futures are indicating a marginally lower open today. European equity markets have opened in the positive territory, following advanced levels in Asian markets. For US CPI data, economists expect an in-line print to give Fed more confidence for September rate cut. UK interest rate market turning more hawkish on prospect of August BoE rate cut.Companies Mentioned: HubSpot, Apple, Alphabet, BHP, TSMC

S&P futures are indicating a higher open, +0.08% as the market awaits for tomorrow's CPI data. Sentiments are improving, after Fed Chair Powell's remarks kept the possibility of a September rate cut in play. The primary macro story today is China's June CPI inflation, which unexpectedly softened amid weak domestic demand. China's CPI inflation rose by +0.2% y/y in June, below the consensus of +0.4%, driven mainly by falling food prices, especially fresh fruits and vegetables. Core inflation remained steady at +0.6%. The PPI fell by (0.8%) y/y, in line with expectations, showing easing declines in upstream prices.Companies mentioned: RTX Corp, Eversource Energy, MarineMax, OpenAI, Microsoft

S&P futures are indicating a higher open, up +0.23% following broad rallies in Asia. European equity markets are lower in early trade, following broadly firmer levels on Monday. The primary macro story driving the global market is the ongoing hearings by the Bank of Japan regarding bond market adjustments, which kicked off today. Market feedback from these sessions will be critical in gauging a realistic pace for JGB purchase reductions.Companies mentioned: TSMC, Dominion Energy, Paramount, ReNew Energy Global

The market is currently looking at a flat open today. European equity markets are mostly higher, following weaker trading in Asian markets. The attention is on the French election results, with a surprise win for the left-wing alliance, though no single group secured a working majority. Negotiations to form a coalition government are expected to be difficult. A gridlock scenario is seen as more market-friendly, though it might also lead to further fiscal slippage as parties make difficult tradeoffs to form a government. The new UK Chancellor Reeves will set out planning reforms today to support its aim of investing for growth. Other measures are also anticipated in the coming days to support investment and encourage institutional investors to take a leading role in supporting growth.Companies Mentioned: Paramount, Grifols, Brookfield Asset Management, Boeing

US futures are pointing to a slightly higher open today. European equity markets are trading higher, following mixed trading in Asian markets. The UK election is dominating headlines today. Labour's sweeping victory is seen as a turning point in British politics, although FTSE futures and sterling remain little changed as markets had largely priced-in this outcome. Attention is also focused on the second round of the French election on Sunday, with Marine Le Pen's National Rally aiming for an absolute parliamentary majority. In the US, President Biden's candidacy remains uncertain amid growing calls for him to bow out, with betting markets favouring Vice President Harris as a potential replacement.Companies Mentioned: Samsung, Neiman Marcus, Saks Fifth Avenue, Goldman Sachs,

US futures are pointing to a mostly flat open today. European equity markets are trading higher, following positive trading in Asian markets. The early focus today is on Fed Chair Powell's comments at the ECB conference, which highlighted progress on inflation and two-sided risks to the Fed's goals. His comments were seen as generally consistent with expectations of rate cuts starting in September. The record-high close in the S&P 500 has stimulated debate over its sustainability.Companies Mentioned: Paramount, PDD Holdings, Shein

US equity futures are weaker as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. Headlines from the ECB's Sintra conference are in the spotlight, as officials signal a cautious approach to rate cuts amid mixed economic signals. June RBA minutes showed the board weighed a rate hike in June amid upside inflation risks, but saw a stronger case to hold with households under financial pressure.Companies mentioned: Paramount, Conn's

US market is anticipating a higher open. European equity markets are trading higher, following generally higher levels in Asian markets. Attention is on first round of the French election. Marine Le Pen's National Rally won approximately 33% of the vote. The second-round runoff vote is still to come next weekend. In the US, the fallout from Biden's weak debate continued following a drumbeat of calls for him to exit the race.Companies Mentioned: BlackRock, Boeing, Spirit AeroSystems, Airbus, Meta Platforms

US futures are pointing to a higher open today. European equity markets have opened in the positive territory, following largely higher levels in Asian markets. Attention is on Biden-Trump debate with takeaways focusing on Biden's underwhelming performance. Trump's election odds also shortened. Nothing substantive from an economic standpoint. Companies Mentioned: Infinera, Nokia, L'Oreal

US futures are pointing to a slightly lower open today. European equity markets are trading mixed, following lower trading in Asian markets. Markets are in a holding pattern amid macro volatility, technical-driven moves in AI stocks, the key US data on Friday, and the first round of the French election on the weekend. FX moves are also getting attention, with the Yen at the lowest level against the dollar since 1986. Companies Mentioned: SM Energy, Carlyle, KKR, SpaceX

US futures are pointing to a slightly higher open today. European equity markets have opened higher, following firmer trading in Asian markets. The market is cautious ahead of the US PCE inflation on Friday, which is the Fed's preferred measure. European investors are also eyeing the first round of voting in the French election this weekend. Companies Mentioned: AIG, Zurich Insurance Group, Sea Limited, Solera

US equity futures are firmer as of 05:00 ET. This follows mostly higher markets in Asia, while European equity markets are lower. The focus has turned to renewed tech weakness after Nvidia entered correction territory, as SOX fell to a two-week low. Yen weakness remains a talking point as it hovers near a 34-year low against the dollar.Companies mentioned: Boeing, Spirit AeroSystems, Airbus

US futures are pointing to a higher open today. European equity markets have opened in the negative territory, following mostly weaker levels in Asian markets. Yen still in focus with Japan forex chief today reiterating government would address excessive yen moves. Companies Mentioned: Boeing, United Parcel Service, HireRight

US futures are pointing to a slightly lower open today. European equity markets have opened weaker, following mostly lower levels in Asian markets. Dollar strength has pushed yen to 34-year lows, prompting Japan's forex diplomat to reiterate government's readiness to act if needed. US has added Japan to currency manipulation watchlist and called for China to be more transparent in its forex management. European markets have shrugged off political risk and keyed off central bank policy outlook.Companies Mentioned: Spirit AeroSystems, Boeing, Airbus, Citigroup, Autodesk

US futures are pointing to a higher open today. European equity markets have opened higher, following mixed trading in Asian markets. The market returns today after the Juneteenth holiday on Wednesday. European central bank policy decisions in focus today. In other market news, overnight China left its 1-year and 5-year loan prime rates unchanged as expected. However, calls for further easing are growing louder following mixed May activity data.Companies Mentioned: Vanda Pharmaceuticals, Discover Financial, Carlyle, KKR

US equity futures are broadly unchanged as of 05:00 ET. This follows higher markets in Asia, while European equity markets are firmer. Sentiment remains positive after yesterday's improved tone. US May Retail Sales headlines a busy macro calendar.Companies mentioned: Apple

US futures are pointing to a very slightly higher open today. European equity markets have opened mixed to higher, following lower levels in Asian markets. Markets entering new week facing competing narratives. There’s renewed US disinflation traction following soft US CPI & PPI, driving dovish rate repricing and supported risk assets. But hawkish change to Fed's dot plot, pickup in concerns about US growth, French political turmoil, tariff fight with China are among bearish talking points.Companies Mentioned: Carlyle Group, Amazon

US equity futures are mixed as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. The Bank of Japan announced its intent to taper Japanese government bonds purchases and left rates unchanged as expected. Markets are fully pricing in two Fed rate cuts after cooler-than-expected US PPI provided further evidence on the disinflation trajectory. The G7 meeting saw the US and Ukraine sign a 10-year bilateral security agreement.Companies mentioned: Mastercard, Visa, Adobe

US futures are pointing to a slightly higher open today. European equity markets have opened lower, following mixed trading in Asian markets. Markets are being influenced by the ongoing fallout from yesterday's US CPI data and FOMC meeting. US data was a positive influence on risk appetite on Wednesday, though sentiment is a bit more defensive today. Companies Mentioned: Disney, Apple

US futures are pointing to a mostly flat open today. European equity markets have opened higher, following mixed trading in Asian markets. Sentiment is positive with strength in US big tech names supporting after Apple rallied to record highs. The broader focus now squarely on the upcoming US CPI data and FOMC meeting. CPI gains are seen as slowing sequentially, with year-ago little changed at the headline level and the core measure edging lower. Companies Mentioned: Paramount Global

US futures are pointing to a slightly lower open today. European equity markets have opened with small gains, following mixed levels in Asian markets. After digesting fallout from European parliamentary elections, which had no meaningful spillover into US markets, attention now shifting to Wednesday's US CPI data and FOMC meeting. Consensus forecasts have indicated some division over dot plot, with one or two cuts on horizon. Companies Mentioned: Apple, DXC Technology, Apollo Global, Kyndryl Holdings, Yext

US futures are indicating a lower open today. European equity markets have opened with losses, following mixed levels in Asian markets. US market now facing more complicated macro backdrop since Friday’s firmer-than-expected headline non-farm payrolls which again dampened Fed rate hike expectations. Sentiment rocked in European markets with euro dipping sharply on news of far-right surge in European parliament elections, and France's President Macron calling for snap general election.  Companies Mentioned: Diamond Offshore Drilling, Noble Corp, Walmart

US futures are pointing to a slightly higher open today. European equity markets have opened mixed, following lower levels in Asian markets.  US dollar is flat, while Asia currencies have seen modest gains. Hawkish ECB officials reportedly regretted premature rate cut commitment. In US, markets back to pricing in two Fed rate cuts by end-2024.Companies Mentioned: Patria Investments, Piper Sandler

US futures are pointing to a mostly flat open today. European equity markets have opened higher, following mixed trading in Asian markets. Focus on the ECB policy decision today, with the first rate cut in the cycle being anticipated. Attention is on comments related to policy outlook, with expectation the ECB will maintain a data-dependent approach and avoid signaling a further rate cut. Meanwhile, Fed rate cut expectations are supporting risk assets after the ADP private payrolls miss. Companies Mentioned: Microsoft, OpenAI, Nvidia, Shein

US futures are pointing to a higher open today. European equity markets have opened mixed, following higher levels in Asian markets. Markets seeing dovish repricing of Fed rate path in recent sessions amid increase in growth concerns. Futures fully pricing in Fed rate cut by November, while odds for September move back above 50%. This has resulted in spillover in European rates market, where attention is turning to tomorrow's ECB decision with rate cut anticipated.Companies Mentioned: Intel, Apollo, Kinetik Holdings

US equity futures are lower as of 05:00 ET. This follows mostly weaker markets in Asia, while European equity markets are lower. The USD is nearing its lowest levels since mid-March, as growth concerns lead markets to fully price in a Fed rate cut by December. Markets are eyeing signs that China's property support measures are working to stabilize the real estate market.Companies mentioned: Johnson & Johnson, International Paper, Suzano, DS Smith

US futures are indicating a higher open today. European equity markets have opened in the positive territory, following mostly higher levels in Asian markets. Rate backup in focus with yield curves bear steepening amid hawkish Fedspeak and weak Treasury auctions. Markets also dialing back ECB rate cut expectations beyond June. BOJ rhetoric continuing to lean hawkish. Companies Mentioned: Paramount Global, Sanofi, Stericycle, Waste Management

US futures are pointing to a lower open today. European equity markets have opened mixed, following higher levels in Asian markets. Downward revision to US GDP growth revived hopes of an interest rate cut before end of year. Investors also cognizant of US PCE price index due today, which may give clearer indication of Fed's next move.Companies Mentioned: Apple, Hertz Global

US equity futures are pointing to a lower open as of 04:45 ET. This follows weaker markets in Asia, whilst European equity markets have opened mostly higher. Market sentiment has been undermined by the rate back-up following another softer Treasury auction. Supply concerns have added to the hawkish rate re-pricing. In overseas developments, Chinese Yuan is another focus as the on-shore rate hovers near a six-month low against the dollar.Companies mentioned: OpenAI, Visa, Mastercard, Brookfield, Neoen

US equity futures are pointing to a lower open as of 04:45 ET. This follows weaker markets in Asia, whilst European equity markets have also opened lower. The rate back-up on supply pressures, firmer data, and the commodities rally are an overhang on the market. This follows last week's weakness in Treasuries on hawkish Fedspeak and minutes, and also positive macro surprise momentum. Companies mentioned: ConocoPhillips, Marathon Oil, Merck

US equity futures are higher as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are narrowly mixed. The focus remains on the US economic backdrop and the Fed rate path. A rate cut looks like a done deal at next week's ECB meeting.Companies mentioned: Petrobras

US equity futures are higher as of 05:00 ET. This follows weakness in Asia, while European equity markets are lower. The bond yield backup is in focus after markets responded to stronger-than-expected US PMIs that played into the good-news-is-bad-news dynamic. European PMIs were also stronger but price pressures are easing.Companies mentioned: International Paper, Suzano, Nvidia

US futures are pointing to a higher open today. European equity markets have opened mostly in the positive territory, following mixed levels in Asian markets. May FOMC minutes noted disinflation likely to take longer than previously expected and discussion about maintaining current restrictive stance for longer. Also willingness to tighten policy further, should more inflationary pressures materialize. Markets now back to pricing in 1~2 rate cuts in 2024.Companies Mentioned: Nvidia, McEwen Mining, Timberline Resources, Moderna, Pfizer, Live Nation Entertainment

US equity futures are broadly unchanged as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have opened lower. Focus in Europe on UK inflation data, which eased sharply to 2.3% in April, but above the Bank of England’s forecast and services prices remain sticky. FOMC minutes due out later today, with previews noting a potential for a hawkish tilt, echoing recent Fedspeak that has pushed a higher-for-longer messaging on rates.Companies mentioned: Snowflake, Schneider Electric, Bentley Systems, Panasonic, Tesla

US futures are pointing to a very slightly higher open today. European equity markets have opened in the negative territory, following lower levels in Asian markets. No fresh catalysts for markets as investors awaiting FOMC minutes to gauge timing and extent of possible rate cuts this year. Latest Fedspeak highlighted bumpy inflation, with comments from Fed officials signaling continued caution on interest rate policy. Prospects for European markets remain positive.Companies Mentioned: Phillips 66, Suzano, International Paper

US futures are indicating a higher open today. European equity markets have opened in the positive territory, following advanced levels in Asian markets. Market sentiment remains bullish for risk assets amid hopes for US soft landing. Central bank comments in Europe leaning dovish in the meantime with summer rate cuts seeming likely. Speculation around timing of BOJ rate hike continues with Nikkei discussing potential of July increase.Companies Mentioned: United States Steel, Nippon Steel, Paramount Global, Sony Pictures Entertainment, Apollo

US equity futures are broadly unchanged as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have opened lower. Investors' optimism after the US inflation data release has been dampened by the Fed's signal to keep interest rates higher for an extended period. Markets are fully discounting a Fed rate cut in November, with a 68% chance of a cut in September, the same situation seen ahead of US CPI. Companies mentioned: Tesla, Snowflake

US equity futures are broadly unchanged as of 04:45 ET. This follows mostly higher markets in Asia, whilst European equity markets have opened lower. Markets overnight have continued to react to the cooler-than-expected US CPI print, which has put renewed impetus behind the disinflation narrative following a recent run of hot prints. The Australian market reacted dovishly to employment data showing a surprise jump in the unemployment rate. Companies mentioned: Paramount Global, Amazon, Shein, Pfizer, Siemens

US equity futures are broadly unchanged as of 04:45 ET. This follows mostly mixed markets in Asia, while European equity markets have opened higher. Sentiment remains buoyant ahead of the key US CPI data later today, which is expected to show a marginally softer sequential print with year-ago inflation at a three-year low. Companies mentioned: Boeing, Sony, Paramount Global, Apollo

US equity futures are broadly unchanged as of 05:00 ET. This follows mostly lower markets in Asia, while European equity markets are little changed. Markets are looking to PPI data today before Wednesday's CPI. Recent China equity strength continues to attract attention.Companies mentioned: Anglo American, BHP, Uber Technologies, Delivery Hero

US futures are indicating a higher open today, extending Friday's gains. European equity markets have opened in the positive territory, following mostly lower Asian markets. Equity market sentiment broadly supported by justified optimism regarding corporate earnings, hopes of Fed easing amid signs of weakening US labor market, alongside more dovish guidance from ECB and BOE. Attention now shifting to April US CPI report with consensus looking for some moderation in core inflation.Companies Mentioned: Apple, Arm Holdings

US futures are pointing to a higher open today. European equity markets have opened in the positive territory, following mostly higher levels in Asian markets. Renewed confidence in rate cuts has given rise to better risk sentiment in US. In UK, takeaways from yesterday's BoE decision highlight potential for June rate cut if inflation, wage growth continue to ease. Companies Mentioned: Kinetik Holdings, Exxon Mobil

US equity futures are pointing to a lower open as of 04:45 ET. This follows mixed markets in Asia, with European equity markets also mixed. A focus in Europe today on the Bank of England policy decision. A steady hand is expected, though there is the possibility of more MPC members backing a rate cut after only one official voted against the majority in March. A lack of other major catalysts with the market in wait-and-see mode ahead of the next meaningful signals on US inflation, Fed policy and the economic growth outlook.Companies mentioned: Paramount, Apollo, Sony, Yamaha, BeiGene

US futures are indicating a mostly flat open today. European equity markets have opened mostly in the positive territory, following lower levels in Asian markets. No change in the broader narrative. Sentiment has improved in recent sessions on a recalibration of the outlook after the Fed downplayed the potential for rate hikes. A solid earnings season remains an underpinning factor with added support from recent declines in long-end Treasury yields. Companies Mentioned: Budweiser Brewing Co APAC, Apollo, Ares Management

US equity futures are broadly unchanged as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are higher. The latest Fed-speak is consistent with last week's message from Fed Chair Powell that a rate hike is unlikely. Earnings growth is tracking well above expectations. China President Xi is in France to discuss trade and security risks.Companies mentioned: Paramount Global, Apollo Global Management, Sony, Apple

US futures are pointing to a higher open today, extending Friday's gains. European equity markets have opened in the positive territory, following solid sessions in Asian markets. Softer than expected US nonfarm payrolls and ISM services results boosted sentiment. Fed repricing also brought forward, with first rate cut expected in September instead of November. Some support also comes from US earnings. China back in spotlight as Xi meets Macron and Caixin services PMI remained buoyant.Companies Mentioned: Paramount Global, Sony Pictures Entertainment, Apollo, Comcast, Boeing

US futures are indicating a higher open today. European equity markets have opened mostly in the positive territory, following higher levels in Asian markets. Big tech earnings are bright spot in market. Corporate fundamentals remain supportive though reactions to headline surprises skewed to cautious side. Broader support to market sentiment put down to latest Fed guidance offering reassurance that rate hike is unlikely.Companies Mentioned: Apple, Walt Disney, Amazon, Airbus, Spirit AeroSystems, Boeing, EnerSys, Terreno Realty

US equity futures are indicating a higher open as of 04:45 ET. This follows higher markets in Asia, while European equity markets are also higher. Equity markets are benefiting from no further escalation in Middle Eastern tensions. Some thoughts are the recent sell-off is more technical than fundamental. There is also ongoing focus on the Fed outlook, with a reduction in rate cut expectations remaining a talking point. Companies mentioned: DOW, Arkema, Freshworks, Exxon Mobil, Pioneer Natural Resources

US equity futures are indicating a lower open as of 04:45 ET. A large number of markets closed for Labor Day holidays, but the ones that are open were lower in Asian and European trading. Attention on rates heightening ahead of the upcoming FOMC meeting. No policy change is expected but markets are awaiting further guidance from Powell following significant erosion in rate cut expectations priced in the market. Companies mentioned: IBM, PG&E, KKR, Pfizer

US equity futures are indicating a slightly lower open as of 05:00 ET. This follows mostly higher markets in Asia, while European equity markets are mixed. Monday's yen volatility continued to reverberate overnight. China official manufacturing PMI was little changed in expansion territory, while non-manufacturing index was softer than expected. Markets are mostly awaiting tomorrow's FOMC, employment data and Treasury quarterly refunding, along with megacap earnings.Companies mentioned: Comcast, Walt Disney, Warner Bros Discovery, Goldman Sachs, General Motors, Barclays

US futures are pointing to a higher open today. And European equity markets have opened in the positive territory, following advanced levels in Asian markets. Yen in headlines as it rebounded. Market focus also on concerns over hawkish repricing of Fed pivot expectations with only one rate cut now being priced in for 2024. Also concerns that Fed will have no scope to ease at all in 2024.Companies Mentioned: Heartland Financial, UMB Financial, Zoetis, Phibro Animal Health, Fulton Bank, Republic First Bancorp, Apple

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following mostly higher Asian markets. BOJ left policy settings unchanged as expected. FY24 core inflation projection upgraded. FY26 core inflation around 2%. Bond purchases to be conducted in accordance with decisions made in March. Finance Minister Suzuki expressed concerns over negative effect of yen depreciation, repeating readiness to act if needed.Companies Mentioned: MSFT, GOOG, SNAP, INTC

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened mixed, following mixed to lower Asian markets. Upcoming US GDP and PCE readings broadly highlighted as main risk events. Attention also on FX developments with yen breaking into 155 vs dollar and entering range expected to prompt MOF intervention. BOJ policy still widely expected to remain unchanged. Companies Mentioned: Meta Platforms, HashiCorp, IBM, Boeing

US equity futures are indicating a higher open as of 05:00 ET. This follows broadly higher markets in Asia, while European equity markets are firmer. Sentiment remains positive with lower rates and a weaker dollar helping on Tuesday after softer US flash PMI data. The focus in US after-hours was on earnings from Tesla.Companies mentioned: Tesla, Texas Instruments, Visa

US equity futures are indicating a mostly flat open as of 04:45 ET. This follows higher markets in Asia, while European equity markets are also higher. Equity markets are benefiting from no further escalation in Middle Eastern tensions. Some thoughts are the recent sell-off is more technical than fundamental. There is also ongoing focus on the Fed outlook, with a reduction in rate cut expectations remaining a talking point. Companies mentioned: JD Sports Fashion, Hibbett, Novartis, SAP

US equity futures are indicating a higher open as of 04:45 ET. This follows higher markets in Asia, while European equity markets are also higher. Sentiment improving amid some tentative signs of easing in the Middle Eastern tensions. Iran continues to downplay the Israeli attack, suggesting no appetite to escalate the situation. The market continues to evaluate the Fed outlook. Some Fed officials warn of the potential for no rate cuts this year. Companies mentioned: Express, NYSE, Unilever, Salesforce, Informatica

US equity futures are indicating a lower open as of 04:45 ET. This follows lower markets in both Asia and Europe, following escalation in the Middle-East overnight with reports of Israeli strikes on facilities inside Iran. However, much remains unclear, including what was struck and the extent of damage. Markets continue to pare back Fed easing expectations with futures pricing in 1-2 cuts and the first now not anticipated until September. Companies mentioned: Paramount Global, Sony, Apollo Global Management, Meta, Apple, Google

US equity futures are indicating a higher open as of 04:45 ET. This follows higher markets in Asia, while European equity markets are also higher. Sentiment remains weighed down by hawkish repricing of the Fed rate path with futures now only pricing in 1-2 rate cuts in 2024. Some attention on US, Japan, and South Korea financial leaders' summit, where Treasury Secretary Yellen acknowledged counterparts' concerns over exchange rate depreciation. Companies mentioned: Micron Technology, EasyJet, Nokia

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are mostly higher. No change in the market drivers, as confluence of Fed policy repricing, risk aversion and elevated volatility continues. Markets are now pricing in less than 50 basis points of Fed easing this year amid the latest Fedspeak and data resilience. Companies mentioned: Adidas, LVMH Moet Hennessy Louis Vuitton, Just Eat Takeaway.com

US equity futures are indicating a broadly flat open as of 05:00 ET. This follows sharply lower markets in Asia, while European equity markets are broadly weaker. Middle East tensions continue to weigh on risk sentiment. Bond yields continue to backup, continuing the recent hawkish repricing of the Fed rate outlook amid firmer US data. FX volatility is the other big market development, especially in Asia.Companies mentioned: International Paper, DS Smith, Live Nation Entertainment, Microsoft, UBS

US equity futures are indicating a higher open as of 05:00 ET. This follows weaker markets in Asia, while European equity markets are mostly higher. Markets are dealing with the fallout from the Iranian missile and drone assault against Israel. Treasury Secretary Yellen said nothing is off the table when dealing with China's overcapacity, including the use of additional tariffs. China pledges stronger stock market regulation and risk prevention measures.Companies mentioned: Salesforce, Informatica, Tesla, Encore Wire, Prysmian

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mostly lower markets in Asia, while European equity markets are broadly higher. Markets are finding some reprieve from cooler-than-expected US PPI. However, markets are pricing in less than two Fed rate cuts in 2024. ECB-speak after yesterday's policy decision is supporting a June cut, in a divergence from Fed policy. US banks will kickoff Q1 earnings season today.Companies mentioned: Brookfield Asset Management

US equity futures are indicating a broadly unchanged open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are mostly higher. Markets are digesting the implications from yesterday's hotter US CPI print. The data prompted another round of hawkish rate re-pricing with futures pricing in two Fed cuts in 2024 - one less than Fed's median projection. Focus is on the ECB’s decision today, as well as FX intervention watch after the Yen broke below the closely watched 152-per dollar handle. Companies mentioned: Nippon Steel, US Steel

US equity futures are indicating a broadly unchanged open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are mostly higher. The market is in waiting mode for several potential catalysts, particularly the March CPI due later today. We also have the ECB decision on Thursday and the start of bank earnings season on Friday. In overseas developments, Reserve Bank of New Zealand left its official cash rate unchanged as expected and reiterated rates need to remain restrictive for a sustained period. Companies mentioned: CVC Capital Partners, Tesco, Taiwan Semiconductor

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mostly firmer markets in Asia, while European equity markets are mostly lower. There are no fresh catalysts for markets, with the stronger US growth backdrop still the overriding influence. Wednesday's US CPI data is in focus, with the report expected to garner even more attention than usual given the firmer US growth backdrop.Companies mentioned: Meta, WW International, TSMC

US futures are pointing to a mostly flat as of 04:45 ET. European equity markets have opened higher, following mostly higher Asian markets. Bond weakness the big story on global markets with yields propelled higher by a hotter-than-expected US payrolls report. In overseas developments, Asian market participants are eyeing a potential FX intervention from Japanese authorities with USD/JPY pair close to 152, eyed as a potential red line.Companies Mentioned: Exxon Mobil, Shimao, China Construction Bank

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened much lower, following mostly weaker Asian markets. Geopolitical tensions largely been ignored by markets, but Middle East fighting has driven risk-off move on equity markets. Oil is at 6-month high, fueling concerns it will slow disinflation momentum. Nervousness in US ahead of non-farm payrolls amid debate over when Fed will first cut rates. ECB minutes and bank officials highlighted gradual approach towards rate cuts.Companies Mentioned: Vodafone, CK Hutchison, Samsung Electronics

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. Equity markets have taken encouragement from comments from Fed Chair Powell, who said on Wednesday if the economy evolves as expected then it’s likely appropriate to begin cutting rates at some point this year. However, the strength in commodities may undermine the disinflation narrative if sustained. Attention now centers on March US nonfarm payrolls on Friday, with the data taking on added importance in terms of shaping rate expectations. Companies mentioned: Konica Minolta, Volvo

US equity futures are indicating a lower open as of 04:45 ET. This follows lower markets in Asia, while European equity markets are mixed. The rate backup is the main influence on the broader market sentiment. Blame has largely gone to the unexpected strength in US ISM. Attention is also on some high-profile warnings on the US deficit level. Companies mentioned: Paramount Global, Disney

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are higher. Attention is on largely in line core PCE, Fed Chair Powell's comments, and firmer-than-expected ISM manufacturing, which unexpectedly moved into expansion for the first time in 16 months. Final Eurozone manufacturing PMIs have been revised up, while China manufacturing PMI is adding to cautious optimism that the economy is bottoming.Companies mentioned: Walt Disney, Humana, CVS Health, UnitedHealth, Elevance Health

US equity futures are indicating a higher open as of 04:45 ET. Light trade following the Easter weekend with a number of markets closed. Mainland China stocks rallied on Monday following a rebound in manufacturing activity which reinforced hopes around an economic recovery. Japan markets finished lower. Companies mentioned: Rakuten Group, Nippon Steel, US Steel

US equity futures are indicating a mostly flat open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. Momentum has been limited this week with activity light ahead of the long Easter weekend. The market continues to benefit from central bank rate cut expectations, though positioning dynamics and overstretched indicators are limiting gains. The Fed's Waller reiterated earlier views that there’s no rush to cut interest rates, but still anticipates the first move this year. Companies mentioned: Take-Two, Embracer Group, Keysight, Spirent Communications, Viavi Solutions

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. Activity remains light ahead of the Easter holiday. The market continues to benefit from central bank rate cut expectations and a better macro backdrop. The Yen touched a new 34-year low against the dollar overnight. Companies mentioned: Walt Disney

US equity futures are indicating a higher open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are mixed. Geopolitical tensions are ratcheting higher after the US and UK accused China hackers of orchestrating a cyberespionage campaign against democratic institutions. Chinese regulators are urging banks to speed up loan approvals for "whitelist" real estate development projects.

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. Central bank meetings have provided tailwind for risk assets. Economists see BOJ potentially hiking again as soon as July. BOJ members increasingly confident on inflation target with discussions revolving around ending NIRP. European policymakers also increasingly comfortable with June rate cut.Companies Mentioned: Blackstone, Qualcomm, Boeing, United Airlines

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened mostly in the negative territory, following largely weaker Asian markets. Risk appetite supported by dovish central banks. SNB unexpectedly cut rates and last remaining BoE hawks dropped rate hike votes as Governor Bailey backed expectation for more than one rate cut this year. Yuan under attack today, falling to four-month low. BOJ policy outlook continues to generate discussions. Companies Mentioned: Apple, Meta Platforms, Google

US futures are indicating a higher open as of 04:05 ET amid broad strength in overseas markets after Fed decision. European equity markets have opened in the positive territory, following mostly firmer Asian markets. Dovish takeaways from updated Fed dot plot. 2025 and 2026 median lowered to three cuts from four previously. Powell said Jan/Feb CPI prints didn't add to confidence on inflation, but reiterated first rate cut would be likely "at some point this year." Big day for European central bank decisions with possibility of dovish tweaks from SNB and Norges. BoE to leave policy on hold later.Companies Mentioned: Amazon, Apple

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mostly firmer Asian markets. Fed to leave rates unchanged today. Updated dot plot to get most attention amid risk 2024 median shifts down to two rate cuts from three. Markets pricing in 70bps of easing in 2024 and less than 50% chance of June cut. Powell expected to repeat Fed is gaining confidence on inflation, but not there yet. BOJ rate hikes on the table in 2024, with real rates still deeply negative and yen depreciating.Companies Mentioned: Intel, Boeing, Spirit AeroSystems, Airbus

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are mixed. The Bank of Japan ended large-scale easing measures and raised rates for the first time since 2007, scrapping eight years of negative interest rates, yield curve control, ETF and J-REIT purchases. Nvidia has unveiled a new AI chip processor boasting significantly more power than the flagship Hopper lineup.Companies Mentioned: Nvidia, AstraZeneca, Fusion Pharmaceuticals

US futures are indicating a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following mostly firmer Asian markets. Equity market sentiment remains bullish, despite sell-side warnings that room for further gains may be limited given extent of rally. Big week for central bank meetings and heavy macro calendar. Strong pay hike agreements between unions and large firms at Japan’s wage talks cementing expectations BOJ will end NIRP Tuesday. Companies Mentioned: Apple, Google, Uber Technologies, Meta Platforms, KKR, HashiCorp

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following the mostly negative performance the prior day and largely weaker Asian markets today. Resilient macro a key cushion for stocks amid hawkish repricing of Fed pivot expectations. BoE expected to stand pat next week, with first cut expected in Q3. BOJ tightening expectations concentrate around March rate hike.Companies Mentioned: Fisker, United Airlines

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. The market awaits the next batch of US data, following Tuesday's CPI report. Today we get the PPI which feeds into the Fed's preferred inflation gauge, and Retail Sales which will show the strength of the US consumer. In Asia, BOJ tightening speculation continues to mount with the Nikkei reporting the board to discuss scrapping the NIRP at next week's meeting.Companies Mentioned: Archer-Daniels-Midland, Walt Disney

US equity futures are indicating a largely flat open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. The market has shaken off another hotter-than-expected core CPI print. The street had already been talking about some upside risk in recent days, however the broader disinflation trend is still intact, though slower. In Europe, the ECB is set to unveil a new operational framework. Companies Mentioned: China Vanke, Nissan, Honda

US equity futures are indicating a higher open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are higher. Markets are in a holding pattern ahead of US CPI today, amid some concerns about another hotter-than-expected print. Bank of Japan tightening speculation continues, with reports noting growing internal support for a March rate hike.Companies Mentioned: Boeing, Oracle

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. Risk appetite turning softer as markets react to US employment data. Focus will shift to tomorrow's US CPI report for February, where a miss could go with the softer employment report. BOJ policymakers warming to idea of March rate hike.Companies Mentioned: Harpoon Therapeutics, Merck, Alaska Air Group, Delta Air Lines, Boeing

US equity futures are indicating a slightly higher open as of 04:45 ET. This follows higher markets in Asia, while European equity markets have opened mixed. Mixed takeaways from Fed Chair Powell's Senate Banking Committee testimony on Thursday, in which he said the Fed is not far from achieving confidence on the inflation trajectory. This comes ahead of nonfarm payrolls data later today, which is forecast to show a step down in headline employment, no change to the jobless rate and moderation in hourly earnings growth. Companies Mentioned: Apple, HelloFresh

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. Fed Chair Powell reiterated it will be appropriate to begin dialing back policy restraint at some point this year, though also said Fed still needs greater confidence inflation is moving sustainably towards 2%. ECB policy set to remain on hold. Tone likely to remain cautious. Majority of sell-side economists still see June move.Companies Mentioned: Intel, Apple

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are largely higher. Markets are somewhat in a holding pattern with the focus on Fed Chair Powell's semi-annual testimony later today. Powell is widely expected to reiterate the Fed needs to see more evidence inflation is returning to target and that it can be patient on rate cuts. Companies Mentioned: Lucid Group, JM Financial

US equity futures are indicating a lower open as of 05:00 ET. This follows mostly lower markets in Asia, while European equity markets are softer. Markets are turning defensive, as investors await several key catalysts. China unveiled a 2024 growth target of around 5% and a deficit target of 3%, as expected. Today's economic calendar features ISM services PMI.Companies Mentioned: Viavi Solutions, Spirent Communications, Advanced Micro Devices

US futures are indicating a lower open as of 04:05 ET. European equity markets have opened in the positive territory but are now narrowly mixed, following mostly higher Asian markets. Equity markets push higher despite tone-down in central bank rate cut expectations. Better market sentiment pinned on upbeat US macro data. ECB set to leave policy on hold. Earnings picture in Europe not as bad as feared, while forward-looking Eurozone data also supportive. Companies Mentioned: Macy's, Terran Orbital, Lockheed Martin

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong session in Asia. Equity market sentiment positive after yesterday's US PCE toned down fears of more hawkish Fed stance. Absence of upside surprise from the report viewed positive. Market-implied odds of June rate cut unchanged and futures still pricing in 75 bps of easing in 2024, in line with Fed.Companies Mentioned: Fortune Brands Innovations, Clarus, Wincanton, GXO Logistics

US equity futures are indicating a lower open as of 04:45 ET. This follows mixed trading in Asia, whilst European equity markets are higher. No change in the broader market sentiment. The hawkish repricing of Fed pivot expectations and stretched positioning among the higher-profile overhangs. The market awaits impetus from macro data, with attention on the US PCE inflation data later today and Eurozone CPI on Friday. Companies Mentioned: Alibaba, OpenAI

US equity futures are indicating a lower open as of 04:45 ET. This follows lower markets in Asia, whilst European equity markets are mixed. The market is consolidating recent gains ahead of key macro updates later this week, which include the US PCE inflation data on Thursday and Eurozone CPI on Friday. More talk of stretched positioning as a near-term overhang, along with focus on narrow leadership.Companies Mentioned: Apple, Mitsubishi, Yum Brands

US equity futures are indicating a slightly higher open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are mixed. Equity markets are consolidating after the recent move to fresh highs. The paring back in Fed rate cut expectations has had limited impact on equity markets, although there is more focus on narrow leadership. French President Macron has refused to rule out putting troops on the ground in Ukraine.Companies Mentioned: Broadcom, Shein

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. No change in broader market themes. Recent central bank speak has seen Fed officials continuing to highlight need for more evidence on inflation, driving another round of hawkish pivot repricing. Markets now pricing in three rate cuts in 2024, in-line with Fed's median outlook. Markets also pricing in 2024 ECB rate cuts of less than 100 bps and toned down BoE rate cut expectations.Companies Mentioned: Broadcom, KKR, Ford, Walt Disney, Reliance Industries

US equity futures are indicating a mostly flat open as of 04:45 ET. This follows markets trading higher in Asia, whilst European equity markets have opened mixed to higher. Strength in tech stocks has continued with NIVDIA's earnings still driving sentiment. This has seen several leading indices hit new record highs. The market has largely shrugged-off more cautious Fedspeak. Companies Mentioned: General Motors, Standard Chartered

US equity futures are indicating a higher open as of 04:45 ET. This follows markets trading higher in Asia, whilst European equity markets have also opened stronger. Fairly unsurprising January FOMC minutes noted most officials flagged the risks of cutting rates too early, with only "some" policymakers warning of downside risks of maintaining higher rates for too long. NVIDIA reported Q4 top and bottom line beats, with Data Center revenue exceeding lofty expectations.Companies Mentioned: NVIDIA, Mondelez International, Mercedes-Benz Group

US equity futures are indicating a lower open as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have also opened mixed. Markets are awaiting key catalysts later on Wednesday. NVDA is due to reports its Q4 numbers, with the stock up over 50% since last quarter's earnings. January FOMC minutes are expected to push back against expectations around the Fed's rate cut path and reinforce the higher-for-longer bias.Companies Mentioned: Meta, Microsoft, Apple, Disney, Sony

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are mixed. The disinflation narrative is still largely intact despite firmer than expected US CPI and PPI releases. Fed rhetoric is still supportive of rate cuts, but there is less than a 50% chance for a May move. China left the 1Y LPR unchanged as expected while reducing the 5Y LPR by a larger-than-anticipated 25 bp, indicating Beijing's clear intention to focus on stimulating the property market.Companies Mentioned: Capital One Financial, Discover Financial, S&P Global, Apple, Intel

US futures are indicating a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong Asian trade. Market continues to take encouragement as officials from Fed, BoE and ECB have noted disinflation process remains on track, but there remains caution. Europe optimism is also supported by upbeat earnings, yield stabilization and positive strategist commentary.Companies Mentioned: Apple, DraftKings, Nike

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong session in Asia. Takeaways post-US CPI downplay above-consensus print, pointing to one-off seasonal price adjustments. Fed officials confident that inflation is on right track, while stressing need to proceed carefully on rate cuts. Disinflation narrative still intact although markets have toned down projected Fed rate cuts to 3-4. Companies Mentioned: Disney, Reliance Industries, Crown Castle

US equity futures are indicating a higher open as of 04:45 ET. This follows mostly lower markets in Asia, while European equity markets are largely higher. Asian markets followed through from Tuesday’s losses on Wall Street with a correction of their own Wednesday, as higher Treasury yields sent the US dollar higher and regional currencies lower. Markets are also reacting positively to UK inflation unexpectedly holding steady versus expectations for a modest increase. Companies Mentioned: Coca-Cola, Disney

US equity futures are indicating a lower open as of 05:00 ET. This follows mostly higher markets in Asia, while European equity markets are lower. US CPI is due today, with the data forecast to show a step down in annualized headline and core inflation to the lowest since Mar-2021. Cautious Fed pivot messaging has led markets to dial back 2024 rate cut expectations, with 4-5 now being priced in.Companies Mentioned: JetBlue Airways, Manchester United, SoftBank, Tokyo Electron, Siltronic

US futures are indicating a lower open as of 04:05 ET. European equity markets have opened higher, following a quiet session in Asia. Renewed bond market weakness follows run of strong US macro data and Fedspeak that has been uniformly hawkish with officials continuing to push higher-for-longer narrative. Developments have continued to flatten market-implied rate-cut path. Futures now pricing in around 110 bps of rate cuts in 2024, and have largely priced out March rate cut, while economists now see first rate cut occurring in May or June.Companies Mentioned: Diamondback Energy, Disney, Reliance Industries

US futures are pointing to a slightly lower open. European equity markets have opened mixed, following mostly lower levels in Asian markets. ECB’s pushback against rate cut bets unabated. BoE speakers also pushing back against rate cut bets. Nothing new from PBOC Q4 monetary policy report. BOJ Governor said financial conditions in Japan will remain easy. RBA Governor repeated further rate hikes can't be ruled out. Companies Mentioned: Disney, Grab, GoTo, Children's Place

US equity futures are indicating a broadly flat open as of 04:45 ET. This follows mostly higher markets in Asia, while European equity markets are mixed. No big influences on the market. The Fed pivot remains the biggest story, though some heightened uncertainty surrounding the timing and magnitude, along with the need to wait for more data. Mainland China equities extending gains after Beijing replaced its head of securities regulator. Companies Mentioned: Boeing

US futures are pointing to a flat open as of 04:45 ET. European equity markets have opened largely higher, following mostly higher trading in Asian markets. Rate stabilization has been supportive for equity markets after the recent bout of Fed pivot repricing amid US data strength. Market expectations have wound back to 4-5 Fed rate cuts in 2024 vs the 7 being priced last month. Companies Mentioned: Shein, Petrobras

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened slightly higher, following mixed levels in Asian markets. In 60 Minutes interview, Fed Chair Powell downplayed likelihood of March rate cut and flagged only minor changes to December SEP. Markets now pricing in ~115 bps of easing in 2024, down from 140 bps after hotter-than-expected US payrolls data. BOJ signaled increased confidence of hitting 2% inflation target, paving way for near-term rate hike.Companies Mentioned: Haynes International, Acerinox, Yandex

US equity futures are indicating a broadly flat open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are slightly higher. The bond market selloff is being attributed to the repricing of the Fed rate path. China equities are rebounding following new intervention headlines. Corporate earnings continue today, with reporting companies including Eli Lilly and Amgen.Companies Mentioned: Novartis, Morphosys

US futures are pointing to a higher open after contracts advanced afterhours on tech earnings. European equity markets have opened firmer, following largely positive trading in Asian markets. Market is digesting US tech earnings after the bell. Powell's press conference led economists to push back expected timing of first rate cut to May or June, with Powell downplaying need to see cooling labor market for disinflation trend to continue. Market still pricing in year-end funds rate of around 4%.Companies Mentioned: Intel, DocuSign

US futures are indicating a higher open as of 04:45 ET. European equity markets have opened mixed, following mixed trading in Asian markets. Markets are digesting the FOMC decision. The statement removed tightening bias, as was widely expected, and noted employment and inflation moving into better balance. Meanwhile, Riksbank and BoE policy decisions are due in Europe. Riksbank has left policy on hold and said the policy rate is likely to be lowered earlier than indicated in November. BoE set for a steady hand, leaving the focus on guidance.Companies Mentioned: Disney, Alibaba, Adidas

US futures are indicating a lower open as of 04:45 ET. European equity markets have opened higher, following mixed trading in Asian markets. The January FOMC meeting ends today with the policy statement and Chair Powell’s press conference. Markets pricing in a near 100% chance of a hold, and a 50/50 chance of a March cut. Earnings season has tended to underwhelm, though beat rates have shown some more recent improvement and 2024 expectations have been fairly stable.Companies Mentioned: Paramount Global

US equity futures are indicating a slightly lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are higher. A surprise reduction in the US Treasury's Q1 borrowing estimates has helped dampen bond supply concerns. The Eurozone has avoided a recession, with Q4 GDP at 0.0%, although Germany is in a technical recession and France is stagnating.Companies Mentioned: Boeing

US futures are indicating a very slightly higher open as of 04:05 ET. European equity markets have opened mixed, following broadly higher levels in Asian markets. Recent strength in equity markets pinned on stabilization of Fed pivot re-pricing ahead of January FOMC meeting, with ~140 bps of rate cuts priced in for 2024. More traction behind disinflation narrative after US core PCE inflation fell to lowest since March 2021 on annualized basis. Divisions between hawks and doves within ECB's Governing Council becoming more evident. BoE set to leave policy on hold this week.Companies Mentioned: Western Digital, SK Hynix, HollySys

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened mostly higher, following largely weaker levels in Asian markets. Sentiment weakened after mixed earnings takeaways afterhours. Not much out of ECB policy statement on Thursday, but Lagarde's comments leaned more dovish on labor market. Market pricing for April rate cut now up to 90% with 50bps worth of easing expected by June. ECB survey of forecasters showed downward revision in inflation outlook and cut in growth projections. Companies Mentioned: Tellurian, Disney

US equity futures are indicating a largely flat open as of 04:45 ET. This follows slightly higher trading in Asian markets, whilst European equity markets are mixed to lower. Latest earnings takeaways leaned positive, with gains in most of the Magnificent Seven names a highlight. Some signs of stabilization in the repricing of Fed pivot expectations, which has been the big overhang in early 2024 trading. Central bank decisions from Norges Bank and ECB today.Companies Mentioned: Paramount Global, Nokia

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed trading in Asian markets, whilst European equity markets are higher. The market focus is on earnings and China policy support headlines. PBoC announced a cut in bank RRR by 50 bps effective from early February. Markets bracing for upcoming reports from the Magnificent Seven. Aggregate beat rates off to a soft start, broadly in line with subdued expectations. Companies Mentioned: Walgreens Boots Alliance, Tesla

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mostly higher markets in Asia, while European equity markets are softer. There was a big turnaround in China markets amid a Bloomberg report that officials are weighing a $278B market rescue package. The US and UK have launched new joint airstrikes on Houthi targets in Yemen.Companies Mentioned: Sanofi, Inhibrx, Intuit

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following mixed levels in Asian markets. Markets have dialed back Fed rate cut expectations in face of stronger economic data and pushback by Fed policymakers, pricing in less than 50:50 chance of March cut (vs peak of around 80%). ECB meeting expected to be uneventful. BoE rate cut pricing also has dipped with firmer-than-expected UK inflation data.Companies Mentioned: Macy's, Walmart, Citigroup

US equity futures are indicating a higher open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are firmer. Rate-cut repricing is still the big area of focus. Geopolitical tensions are still a background feature despite limited market impact. US existing home sales and Michigan Sentiment are due today.Companies Mentioned: Amazon, iRobot

US futures are indicating a mostly flat open as of 04:45 ET. European equity markets have opened mixed, following mixed trading in Asian markets. No change in the broader market sentiment, with the dialing back in market rate expectations and backup in yields continuing to influence. While data prompted more calls for stimulus, China's Premier Li downplayed the prospect of large-scale easing in his remarks at Davos overnight.Companies Mentioned: Google, Apple, Epic Games, Spotify

US futures are indicating a lower open as of 04:45 ET. European equity markets have opened in negative territory, following weaker levels in Asian markets. Equity markets remain sensitive to central bank developments. Latest bond yield backup put down to concerns markets have become too aggressive on extent of rate cuts being priced. ECB's Lagarde said it was likely to cut rates in the summer, but will remain data dependent. Companies Mentioned: Shein

US futures are indicating a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following weaker levels in Asian markets. Markets remain sensitive to global central banks' policy outlook. While central bank officials continue to push back on rate-cut pricing, market is still pricing in at least 125bps worth of easing. No change in Fed rate-cut pricing with at least six rate moves expected this year.Companies Mentioned: Apple, Uber Technologies

US futures are pointing to a flat to lower open as of 04:05 ET. European equity markets have opened higher, following mixed levels in Asian markets. Headline US CPI was stronger than expected, though core inflation was in line. In combination with depressed initial jobless claims, data fits with Fed narrative indicating that rate cuts may come later rather than sooner. Earnings season in focus with big US banks reporting pre-open today.Companies Mentioned: Tesla, CVS Health

US equity futures are indicating a slightly higher open as of 04:45 ET. This follows Asian markets closing higher, while European equity markets are also trading up. Market attention now squarely on the US CPI which has been broadly cited for restraining risk appetite this week. Markets are still pricing in 140 basis points of rate cuts in 2024, compared with the Fed's projection of 75 bps of cuts. Companies Mentioned: Paramount, OpenAI, Fox, Warner Brothers Discovery, Netflix

US equity futures are indicating a slightly higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are also mixed. The lack of clear directionality prompted more debate about upside prospects for equities with the market's Fed rate cut expectations closely scrutinized, reinforcing attention on Thursday's US CPI report. Earnings also coming into focus with big US banks set to report Friday. Companies Mentioned: Amazon, Nividia, Fujitsu, Panasonic

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. Tech outperformance is largely tied to lower bond yields, after a New York Fed survey of inflation expectations produced the lowest reading in two years. Thursday's US CPI data remains this week's key focal point.Companies Mentioned: Hewlett-Packard Enterprise, Juniper Networks, Match Group, Samsung Electronics

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened mostly lower, following lower levels in Asian markets. Risk appetite remains soft following Friday's rebound in EU’s December inflation as well as a solid US payrolls report. US ISM report supported soft-landing and rate-cut narratives given cooling labor market and price trends. Fed fund futures still pricing in 64% probability of rate cuts from March. Companies Mentioned: Harpoon Therapeutics, Merck, BlackRock

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. The market's focus remains on the paring back of central bank rate hike expectations. Today's main macro data point is US nonfarm payrolls, which is expected to show a further loosening of the labor market. Eurozone CPI accelerated as expected, however the data is unlikely to derail ECB rate cut hopes.Companies Mentioned: American Tower, Brookfield, Tesla

US futures are pointing to a mostly flat open as of 04:45 ET. European equity markets have opened higher, following lower trading in the Asian session. Equity markets finding a modicum of support after turning defensive this week amid overbought conditions and stretched positioning. Movement coincided with backup in bond yields, as markets pared back aggressive rate cut expectations. China equities saw another volatile day with more pressure on real estate developers.Companies Mentioned: SpaceX, TikTok, Japan Airlines

US futures are pointing to a slightly lower open as of 04:45 ET. European equity markets have opened down, following lower trading in the Asian session. Markets are defensive in early trade for the year, with the easiest excuse appearing to be overbought conditions, along with stretched positioning and sentiment indicators. China property developers under further pressure today, with more bad news that China Fortune Land bondholders received less than a third of principal due on dollar bonds. Companies Mentioned: Kia, ATOS SE, Airbus

US futures are pointing to a flat open as of 04:40ET. European equity markets have opened higher, following a mixed session in Asia. The Hang Seng fell (1.52%) as official PMIs and a downbeat address from President Xi weighed. A strong earthquake struck northern Japan Monday afternoon with reports of more than 30 dead, but no major abnormalities at nuclear power plants and no mention of major damage to urban areas. Companies Mentioned: ASML, Baidu, JOYY