US futures are indicating a higher open. Trading in both Asian and European markets has been significantly weaker, following Tuesday’s weak US session. Reverberations have been felt in global markets following the weak Tuesday US trading session as a result of the hotter-than-expected August CPI data. We’ve also seen signals of intervention from the Bank of Japan, with an announcement that it would increase outright JGB purchases, and also reports that it has conducted a so-called rate check, a move interpreted as a precursor to direct currency intervention.
Companies mentioned: Citigroup (NYSE:C), Bed Bath & Beyond (NASDAQ:BBBY), Tencent Music Entertainment Group