S&P futures are basically unchanged, suggesting a flat open today. Asian equities traded mixed in a quiet Tuesday session., while European markets are broadly higher in early trades. In today's highlight, South Korea's inflation fell to its lowest since March 2021, widening the scope for a rate cut in the coming months. Inflation rate eased to the Bank of Korea's target with the headline CPI increasing by 2% y/y in August, slightly below the expected 2.1% and down from 2.6% in July. With inflation now at the BOK's target, four out of seven board members are considering a potential interest rate cut by year-end, and some economists anticipate a move as soon as October.
Companies Mentioned: Blackstone (NYSE:BX), Tesla (NASDAQ:TSLA), Morgan Stanley (NYSE:MS), Fuji Soft