US futures are pointing to a slightly higher open today. European equity markets have opened with gains, following mostly lower levels in Asian markets. CPI data likely the main focus today with consensus looking for slight downtick in monthly core inflation, though yearly rate seen holding at 3.3%. Today's data takes on added importance with Fed signaling higher hurdle for rate cuts. Focus in Europe on inflation reading from UK, with markets now discounting 50bps of BoE easing in 2025.
Companies mentioned: PepsiCo (NASDAQ:PEP), dLocal, Deere & Co (NYSE:DE).