US equity futures are indicating a higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are higher. Equity markets have taken encouragement from comments from Fed Chair Powell, who said on Wednesday if the economy evolves as expected then it’s likely appropriate to begin cutting rates at some point this year. However, the strength in commodities may undermine the disinflation narrative if sustained. Attention now centers on March US nonfarm payrolls on Friday, with the data taking on added importance in terms of shaping rate expectations.
Companies mentioned: Konica Minolta, Volvo