US equity futures are indicating a higher open as of 05:00 ET. European equity markets are lower following mostly weaker Asian markets. The Fed is widely expected today to raise the funds rate by 50 bp and announce that it will begin balance sheet runoff in June. Biden administration officials are split on whether to reduce China import tariffs. The EU is increasingly at risk of Russian retaliation as a sixth round of sanctions approaches.
Companies Mentioned: Didi Global, Twitter (NYSE:TWTR)