US equity futures are indicating a broadly flat open as of 05:00 ET. This follows mostly higher Asian markets, while European equity markets are firmer. Saudi Arabia announced a unilateral crude output cut of 1M bpd in July and flagged an extension if needed. Friday's US jobs report had little impact on Fed rate expectations. The macro data focus is on global services PMIs today.
Companies Mentioned: Microsoft (NASDAQ:MSFT), Activision, UBS Group, Credit Suisse (SIX:CSGN)