US futures are indicating a higher open, with Netflix (NASDAQ:NFLX) earnings post-close adding support. European equity markets have opened higher but are now turning softer, following mixed Asian trade. Market sentiment on corporate earnings is turning from downbeat to mixed amid some optimistic takeaways. But the underlying macro narrative is still on the bearish side on recession risks, elevated inflation and Fed tightening. Fed members are reportedly settled on an around 75-bps hike in November and serious talks on a pivot are likely to be pushed back into December.
Companies mentioned: Twitter, Tesla (NASDAQ:TSLA), Nestlé, Starbucks (NASDAQ:SBUX), News Corp (NASDAQ:NWSA), Fox Corp
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