US futures are pointing to a higher open after lawmakers narrowly averted a government shutdown. European equity markets have opened in the positive territory, following mixed levels in Asian markets. Fears of a policy mistake and hard landing remain key overhang on sentiment, with many expecting financial conditions to tighten further, as Fed and other central banks stick with higher-for-longer stance. Oil spike also plays into concerns around sticky inflation that keeps alive prospects of further tightening.
Companies Mentioned: Wells Fargo (NYSE:WFC), UBS