S&P futures are indicating a higher open today, up +0.2% following weak sessions in Asia. European equity markets are broadly firmer in early trades. Markets are in a mostly risk-off session as they await key catalysts from this week, including Wednesday's Fed and BOJ meetings, Thursday's BoE policy decision, and high-profile data such as Eurozone inflation, China PMIs, and US nonfarm payrolls. Additionally, of the Magnificent 7, Microsoft (NASDAQ:MSFT), Meta (NASDAQ:META), Apple (NASDAQ:AAPL), and Amazon (NASDAQ:AMZN) are set to report earnings this week. Recent tech underperformance has been driven by rotational flows amid concerns over stretched valuations, positioning, and increased scrutiny on AI.
Companies Mentioned: Renasant Corporation, First Bancshares, Warner Bros. Discovery, PDD Holdings