US futures are indicating a slightly lower open as of 04:05 ET. European equity markets have opened flat, following mostly weaker Asian equities. Overall market sentiment still on edge over disappointment at size of China’s rate cuts yesterday and lack of follow-through on stimulus plans. Markets also anxious ahead of Powell’s testimony with futures still seeing only one more Fed hike versus two on dot plot.
Companies Mentioned: Activision Blizzard (NASDAQ:ATVI), Microsoft (NASDAQ:MSFT), SoftBank