US futures are indicating a higher open as of 04:45 ET. APAC traded sharply higher overnight on the back of the US CPI reading, with Hong Kong tech stocks continuing their outperformance. Europe markets have also opened higher in morning trading. The smaller-than-expected increase in CPI has reinforced the disinflation narrative, while the prospect of the Fed nearing an end to its tightening cycle plays further into expectations of a soft landing.
Companies Mentioned: Meta, Microsoft (NASDAQ:MSFT), Activision, Liquid Death