US futures are pointing to a flat open as of 04:45 ET. European equity markets have opened largely higher, following mostly higher trading in Asian markets. Rate stabilization has been supportive for equity markets after the recent bout of Fed pivot repricing amid US data strength. Market expectations have wound back to 4-5 Fed rate cuts in 2024 vs the 7 being priced last month.
Companies Mentioned: Shein, Petrobras