US futures are indicating a flat open as of 04:45 ET. APAC traded largely lower overnight, with Europe markets also opening lower in morning trading. Markets are turning defensive after last week's decent gains. While the Fed is still expected to hike by 25 bp this month, the odds of another rate increase by end-2023 have diminished.
Companies Mentioned: Microsoft (NASDAQ:MSFT), Activision, Sony, Tesco (LON:TSCO), Charles Schwab (NYSE:SCHW), Intel (NASDAQ:INTC), Qualcomm (NASDAQ:QCOM)