US futures are indicating a flat open as of 04:45 ET. Asian markets were mixed overnight, with European equity markets also opening mixed. Strategists have highlighted the risk that markets may again overshoot expectations of a dovish pivot next year, particularly with the Fed on guard against excess loosening of financial conditions. The Biden-Xi meeting in San Francisco produced agreements to restore military communications and cooperate on areas such as AI, climate change and curbing fentanyl.
Companies Mentioned: QuidelOrtho, Burberry, Walgreens Boots Alliance (NASDAQ:WBA)