US equity futures are indicating a lower open as of 05:00 ET. European equity markets are weaker, while Asian trade was mixed, with China markets outperforming after PMIs returned to expansion. NATO has taken aim at Russia and China in its updated mission statement. Markets are pricing in 50 bp of Fed rate cuts after the funds rate peaks in March 2023.
Companies Mentioned: Nexstar Media Group, Warner Bros Discovery, Paramount Global, Uniper