US equity futures are indicating a broadly flat open as of 05:00 ET. This follows mixed Asian markets, while European equity markets are lower. Central bank policy is in focus, with the ECB set to step down the pace of its tightening cycle with a rate hike of 25 bps tipped for today's policy decision, after the Fed hiked rates yesterday by 25 bp as expected. Regional bank weakness continues with PacWest Bancorp down sharply after-hours yesterday following reports it is evaluating options.
Companies Mentioned: PacWest Bancorp, Western Alliance, Zions Bancorporation, Comerica (NYSE:CMA), Apollo Global, Arconic, Qualcomm (NASDAQ:QCOM)