US futures are pointing to a relatively unchanged open after drifting off lows. European equity markets are up slightly in early trade. Asian markets finished mostly weaker. Top story today is the October core CPI report, which met consensus expectations, easing concerns of a potential higher reading. The report has strengthened market expectations for a potential 25-basis-point rate cut in December, reducing the probability of a pause to around 18%. Upcoming PPI data on Thursday and retail sales on Friday will be key data points, as Fed officials continue to signal a cautious approach.
Companies Mentioned: Volvo Cars, Geely Automobile, Zeekr Intelligent Technology, Venture Global LNG