US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the negative territory, following lower levels in Asian markets. Expectations of Fed rate cuts next year surged following dovish December FOMC decision that saw median 2024 dot revised to imply 75bps of easing. Futures pricing in around six rate cuts in 2024, but some debate over whether market rally has room to run amid risk of slower-than-expected pivot.
Companies Mentioned: Visa (NYSE:V), IBM (NYSE:IBM), Software AG, Activision Blizzard (NASDAQ:ATVI), JPMorgan Chase (NYSE:JPM)