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 (NASDAQ:INTC), Tesla (NASDAQ:TSLA), BMW, Volkswagen (ETR:VOWG_p), Vail Resorts