US equity futures are indicating a higher open as of 05:00 ET. European equity markets are firmer, following broad weakness in Asia. Markets continue to digest the hawkish repricing of the Fed rate path and futures also pricing in high terminal rates elsewhere. ECB President Lagarde says that core inflation and wage negotiations remain under scrutiny. President Biden says that he does not think China will send weapons to Russia to aid its military campaign in Ukraine.
Companies Mentioned: Pfizer (NYSE:PFE), Seagen, Pioneer Natural Resources (NYSE:PXD), Range Resources (NYSE:RRC)