US equity futures are indicating a higher open as of 05:00 ET. European equity markets are mostly firmer, following a sharp selloff in Asian equity markets, where major financials were under pressure like price action seen in European markets on Monday. The market's attention remains on the spillover effects from SVB's collapse amid turmoil in banking stocks, and as the fallout leads to a rapid repricing of monetary policy expectations. US CPI is due later today, and is forecast to show y/y moderation in headline and core reads, although previews have flagged upside risk.
Companies Mentioned: Momentive Global, SVB Financial Group