US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened slightly higher, following mixed levels in Asian markets. In 60 Minutes interview, Fed Chair Powell downplayed likelihood of March rate cut and flagged only minor changes to December SEP. Markets now pricing in ~115 bps of easing in 2024, down from 140 bps after hotter-than-expected US payrolls data. BOJ signaled increased confidence of hitting 2% inflation target, paving way for near-term rate hike.
Companies Mentioned: Haynes International, Acerinox, Yandex