US futures are indicating another solid opening as of 4:05 ET. European equity markets have started mostly in the positive territory, following higher Asian trade. Markets are still taking encouragement from last week’s softer US inflation data, which is giving traction to the peak inflation narrative and expectations for a possible lower Fed rate hike in December. However, central bankers including Fed official have largely pushed against notion of pivot. ECB members and SNB are talking up the likelihood of further rate hikes.
Companies Mentioned: Estée Lauder, Kering (EPA:PRTP), Credit Suisse (SIX:CSGN), Apollo, TSMC