US futures are pointing to a higher open. European equity markets have opened positive , following higher levels in Asia. Banking turmoil remains big driver behind market volatility, and has driven a pickup in hard-landing concerns. There’s also view that tighter financial conditions will remove pressure on Fed. Consensus is a final 25bp Fed rate hike next week, with possibility of rate cuts beginning this summer.
Companies Mentioned: First Republic Bank, Silicon Valley Bank, Credit Suisse (SIX:CSGN), UBS, Amgen (NASDAQ:AMGN), Okta, PayPal (NASDAQ:PYPL)