US futures are indicating a lower open, with Amazon (NASDAQ:AMZN) down after guiding slower sales growth as consumer spending wears out. The EU non-food retailers are also under pressure following Amazon’s poor outlook. European equity markets have opened lower, following weaker performance in Asia. The focus now centers on next week's FOMC meeting and whether policymakers will signal a step-down in the pace of rate hikes beyond November. In the meantime, disappointing results from the US tech giants are supporting the notion that the recession concerns are taking precedence over monetary policy concerns.
Companies Mentioned: Amazon, Twitter, Tesla (NASDAQ:TSLA), Comcast (NASDAQ:CMCSA), Citigroup (NYSE:C), Grupo Financiero Inbursa, Grupo Mexico