S&P futures are indicating a lower open today, down (0.64%) after mixed sessions in Asia. European equity markets are also softer, following lower finishes on Tuesday. The top macro stories driving the global market today are mixed macro data from Asia and Europe, alongside renewed geopolitical tensions following former President Trump’s comments on Taiwan. UK inflation remained at the BoE's target as June CPI came ahead of estimates at +2%, though services prices are still elevated. The BoE's August rate cut expectations dipped to 25% from 50% prior to the update. New Zealand’s Q2 inflation came in below forecasts, softening to +0.4% q/q. Former President Donald Trump’s comments on Taiwan defense costs have sparked geopolitical concerns, raising questions about potential changes to U.S. policy should he return to office.
Companies Mentioned: Gitlab, Primerica, Eni, KKR, Blackstone (NYSE:BX)