US futures are indicating a slightly lower open after Wednesday's Wall Street rally. European equity markets have opened higher, following mostly positive Asian trade. Fed Chair Powell is due to speak and markets are anticipating another 75-bps hike later this month. The hawkish Fed policy and dollar’s strength put pressure on policymakers in other jurisdictions. Japan’s Yen remains under sustained selling pressure. The ECB policy decision is in focus for Europe, with the market pricing in a 75-bps hike as it continues to frontload tightening cycle.
Companies Mentioned: Principal Financial Group (NASDAQ:PFG), Tencent