US futures are indicating a lower open. European equity markets have opened firmer, following positive Asian trade. There’s an outsized focus on synchronized tightening by central banks. Ahead of Wednesday's FOMC decision, Riksbank surprised with a 100-bps hike versus the expectation for a 75-bps move. Despite firmer tone for equity markets, the path of least resistance remains to the downside, given concerns about higher-for-longer rates, accompanying growth fears and impact on earnings outlook.
Companies mentioned: UnitedHealth (NYSE:UNH), Change Healthcare, Chubb (NYSE:CB), Hang Seng Bank