US futures are indicating a higher open. European equity markets have opened in the positive territory, following a strong performance in Asia. There is no change in the broader market narrative, with market participants still eyeing the possibility of a central bank pivot given growth risks. However, while some central banks have signaled a slowdown in their pace of tightening, the peak rate forecasts have been upgraded with inflation still too high. Strategists are converging on the view that the global rate hike cycle will end in early 2023 amid potential flexibility on inflation targets.
Companies Mentioned: Microsoft (NASDAQ:MSFT), Activision Blizzard (NASDAQ:ATVI), Apple (NASDAQ:AAPL), Pegatron, Luxshare Precision, Hon Hai Precision Industry, Tesla (NASDAQ:TSLA)