US futures are pointing to a slightly lower open, and they lack positive momentum after Intel (NASDAQ:INTC) missed on sales and earnings. European equity markets have opened firmer after closing flat on Thursday. Asia ended the week on a mostly higher performance. Market sentiment remains positive with a soft-landing scenario priced in. Fed Fund futures indicate an almost 95% chance of a 25bp rate hike next Wednesday. China’s fast reopening and quick economic rebound from Covid is bolstering the market
Companies Mentioned: Intel, Google (NASDAQ:GOOGL), LG Energy Solution, Tesla (NASDAQ:TSLA)