US futures are indicating a flat open. European equity markets have opened higher, following mixed Asian trade. The market narrative continues following the fallout from the US CPI reading, and with yield curve inversion driving talk of a hard landing. Predictions of a higher peak rate and rise in real yields are also tying into concerns around tighter financial conditions, putting market valuations under the spotlight. We have also seen Chinese property stocks rallying overnight amid hopes for a relaxation of housing curbs.
Companies mentioned: Tesla (NASDAQ:TSLA), Blackstone (NYSE:BX), Swedish Match