US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. No change in broader market themes. Recent central bank speak has seen Fed officials continuing to highlight need for more evidence on inflation, driving another round of hawkish pivot repricing. Markets now pricing in three rate cuts in 2024, in-line with Fed's median outlook. Markets also pricing in 2024 ECB rate cuts of less than 100 bps and toned down BoE rate cut expectations.
Companies Mentioned: Broadcom (NASDAQ:AVGO), KKR, Ford, Walt Disney (NYSE:DIS), Reliance Industries