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 (NASDAQ:TSLA), CVS Health (NYSE:CVS)
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