US equity futures are indicating a broadly flat open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are slightly higher. The bond market selloff is being attributed to the repricing of the Fed rate path. China equities are rebounding following new intervention headlines. Corporate earnings continue today, with reporting companies including Eli Lilly (NYSE:LLY) and Amgen (NASDAQ:AMGN).
Companies Mentioned: Novartis, Morphosys