US futures are pointing to a slightly higher open. European equity markets have opened negative, following mostly lower levels in Asia. Markets continue to digest banking sector developments and implications for central bank policy after updates this week. Futures market is pricing in no Fed rate hike for May and rate cut in July, but there are concerns that Fed won't pivot as easily with inflation too high still and labor market tight.
Companies Mentioned: SVB Financial Group, Customers Bancorp, Citizens Financial Group, Excelerate Energy