US equity futures are indicating a lower open as of 05:00 ET. This follows mixed Asian trade, while European equity markets are softer. Fed Chair Powell's Congressional testimony on Wednesday saw him reiterate that the Fed expects more tightening by year-end; Powell is also set to appear before the Senate Banking committee today. It is a big day for European central bank policy decisions, including the BoE, which is set to hike rates by at least 25 bps. China stimulus prospects remain uncertain.
Companies Mentioned: Paramount Global, Amazon (NASDAQ:AMZN), Ocado (LON:OCDO)