US futures are indicating another higher open, extending Monday's sharp gains. European equity markets have opened strong, following mostly positive performance. Broad risk sentiment has been supported by the UK dynamics, as new Chancellor Hunt scrapped most of PM Truss's economic plan, and scaled back the energy support scheme, making a historic policy U-turn to try to stem dramatic loss of investor confidence. Pound supported against both US Dollar and EURO on the news. The BoE is expected to delay quantitative tightening, while the ECB's Nagel reiterated the need for the bank to continue tightening policy due to high inflation.
Companies mentioned: Intel (NASDAQ:INTC), Boeing (NYSE:BA)