US futures are indicating a higher open today, European equity markets are trading up, following a broadly higher session in Asia. Market sentiment improved after lower-than-expected US jobless claims alleviated fears of a hard landing, which had fueled recent market sell-offs. This has led to some dip buying, especially as valuations have pulled back. However, there are ongoing concerns about a potential US recession, weakening consumer health, and the continued unwinding of yen carry trades. Additionally, the rapid growth in AI-related capital expenditures and potential seasonal market weakness remain areas of focus.
Companies Mentioned: Walt Disney (NYSE:DIS), Iteris