US futures are pointing to a higher open as of 04:05 ET after Wall Street closed sharply lower on Monday. European equity markets have opened softer with little firm direction, following mostly lower levels in Asia. Yesterday’s stronger-than-expected US ISM services data has dampened the markets’ risk appetite, causing US markets to pause in their expectations for a lower terminal rate and pushing Fed Fund Futures higher over Monday along with the 2023 year-end rate.
Companies Mentioned: PepsiCo (NASDAQ:PEP), Comcast (NASDAQ:CMCSA)