US equity futures are broadly unchanged as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have opened lower. Focus in Europe on UK inflation data, which eased sharply to 2.3% in April, but above the Bank of England’s forecast and services prices remain sticky. FOMC minutes due out later today, with previews noting a potential for a hawkish tilt, echoing recent Fedspeak that has pushed a higher-for-longer messaging on rates.
Companies mentioned: Snowflake (NYSE:SNOW), Schneider Electric (EPA:SCHN), Bentley Systems (NASDAQ:BSY), Panasonic, Tesla (NASDAQ:TSLA)