US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following advanced levels in Asian markets. Soft US labor data provided further support to soft-landing, disinflation and peak Fed narratives. Markets also betting other central banks will join Fed in easing in 2024. Also thoughts that markets are becoming too optimistic in expectations of rate cuts, setting stage for disappointment.
Companies Mentioned: Apple (NASDAQ:AAPL), Allete