US futures are indicating a higher open. European equity markets have had firmer open, following positive Asian trade. Risk assets have turned positive after a big reversal in the US equity markets on Thursday. There’s no clear consensus on what drove bounce despite a higher-than-expected CPI, but some commentaries suggest technical support and short covering. Now Up to a total of 150 basis points of rate hikes are priced in for the next two Feb policy meetings.
Companies Mentioned: Twitter, Tesla (NASDAQ:TSLA), Meta, Kroger (NYSE:KR), Albertsons, Schlumberger (NYSE:SLB)