US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong session in Asia. Equity market sentiment positive after yesterday's US PCE toned down fears of more hawkish Fed stance. Absence of upside surprise from the report viewed positive. Market-implied odds of June rate cut unchanged and futures still pricing in 75 bps of easing in 2024, in line with Fed.
Companies Mentioned: Fortune Brands Innovations, Clarus, Wincanton, GXO Logistics