US equity futures are indicating a lower open as of 04:45 ET. This follows mixed trading in Asia, whilst European equity markets are higher. No change in the broader market sentiment. The hawkish repricing of Fed pivot expectations and stretched positioning among the higher-profile overhangs. The market awaits impetus from macro data, with attention on the US PCE inflation data later today and Eurozone CPI on Friday.
Companies Mentioned: Alibaba (NYSE:BABA), OpenAI