US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened slightly higher, following mixed levels in Asian markets. In 60 Minutes interview, Fed Chair Powell downplayed likelihood of March rate cut and flagged only minor changes to December SEP. Markets now pricing in ~115 bps of easing in 2024, down from 140 bps after hotter-than-expected US payrolls data. BOJ signaled increased confidence of hitting 2% inflation target, paving way for near-term rate hike.Companies Mentioned: Haynes International, Acerinox, Yandex

US futures are pointing to a higher open after contracts advanced afterhours on tech earnings. European equity markets have opened firmer, following largely positive trading in Asian markets. Market is digesting US tech earnings after the bell. Powell's press conference led economists to push back expected timing of first rate cut to May or June, with Powell downplaying need to see cooling labor market for disinflation trend to continue. Market still pricing in year-end funds rate of around 4%.Companies Mentioned: Intel, DocuSign

US futures are indicating a higher open as of 04:45 ET. European equity markets have opened mixed, following mixed trading in Asian markets. Markets are digesting the FOMC decision. The statement removed tightening bias, as was widely expected, and noted employment and inflation moving into better balance. Meanwhile, Riksbank and BoE policy decisions are due in Europe. Riksbank has left policy on hold and said the policy rate is likely to be lowered earlier than indicated in November. BoE set for a steady hand, leaving the focus on guidance.Companies Mentioned: Disney, Alibaba, Adidas

US futures are indicating a lower open as of 04:45 ET. European equity markets have opened higher, following mixed trading in Asian markets. The January FOMC meeting ends today with the policy statement and Chair Powell’s press conference. Markets pricing in a near 100% chance of a hold, and a 50/50 chance of a March cut. Earnings season has tended to underwhelm, though beat rates have shown some more recent improvement and 2024 expectations have been fairly stable.Companies Mentioned: Paramount Global

US equity futures are indicating a slightly lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are higher. A surprise reduction in the US Treasury's Q1 borrowing estimates has helped dampen bond supply concerns. The Eurozone has avoided a recession, with Q4 GDP at 0.0%, although Germany is in a technical recession and France is stagnating.Companies Mentioned: Boeing

US futures are indicating a very slightly higher open as of 04:05 ET. European equity markets have opened mixed, following broadly higher levels in Asian markets. Recent strength in equity markets pinned on stabilization of Fed pivot re-pricing ahead of January FOMC meeting, with ~140 bps of rate cuts priced in for 2024. More traction behind disinflation narrative after US core PCE inflation fell to lowest since March 2021 on annualized basis. Divisions between hawks and doves within ECB's Governing Council becoming more evident. BoE set to leave policy on hold this week.Companies Mentioned: Western Digital, SK Hynix, HollySys

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened mostly higher, following largely weaker levels in Asian markets. Sentiment weakened after mixed earnings takeaways afterhours. Not much out of ECB policy statement on Thursday, but Lagarde's comments leaned more dovish on labor market. Market pricing for April rate cut now up to 90% with 50bps worth of easing expected by June. ECB survey of forecasters showed downward revision in inflation outlook and cut in growth projections. Companies Mentioned: Tellurian, Disney

US equity futures are indicating a largely flat open as of 04:45 ET. This follows slightly higher trading in Asian markets, whilst European equity markets are mixed to lower. Latest earnings takeaways leaned positive, with gains in most of the Magnificent Seven names a highlight. Some signs of stabilization in the repricing of Fed pivot expectations, which has been the big overhang in early 2024 trading. Central bank decisions from Norges Bank and ECB today.Companies Mentioned: Paramount Global, Nokia

US equity futures are indicating a higher open as of 04:45 ET. This follows mixed trading in Asian markets, whilst European equity markets are higher. The market focus is on earnings and China policy support headlines. PBoC announced a cut in bank RRR by 50 bps effective from early February. Markets bracing for upcoming reports from the Magnificent Seven. Aggregate beat rates off to a soft start, broadly in line with subdued expectations. Companies Mentioned: Walgreens Boots Alliance, Tesla

US equity futures are indicating a broadly unchanged open as of 05:00 ET. This follows mostly higher markets in Asia, while European equity markets are softer. There was a big turnaround in China markets amid a Bloomberg report that officials are weighing a $278B market rescue package. The US and UK have launched new joint airstrikes on Houthi targets in Yemen.Companies Mentioned: Sanofi, Inhibrx, Intuit

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following mixed levels in Asian markets. Markets have dialed back Fed rate cut expectations in face of stronger economic data and pushback by Fed policymakers, pricing in less than 50:50 chance of March cut (vs peak of around 80%). ECB meeting expected to be uneventful. BoE rate cut pricing also has dipped with firmer-than-expected UK inflation data.Companies Mentioned: Macy's, Walmart, Citigroup

US equity futures are indicating a higher open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are firmer. Rate-cut repricing is still the big area of focus. Geopolitical tensions are still a background feature despite limited market impact. US existing home sales and Michigan Sentiment are due today.Companies Mentioned: Amazon, iRobot

US futures are indicating a mostly flat open as of 04:45 ET. European equity markets have opened mixed, following mixed trading in Asian markets. No change in the broader market sentiment, with the dialing back in market rate expectations and backup in yields continuing to influence. While data prompted more calls for stimulus, China's Premier Li downplayed the prospect of large-scale easing in his remarks at Davos overnight.Companies Mentioned: Google, Apple, Epic Games, Spotify

US futures are indicating a lower open as of 04:45 ET. European equity markets have opened in negative territory, following weaker levels in Asian markets. Equity markets remain sensitive to central bank developments. Latest bond yield backup put down to concerns markets have become too aggressive on extent of rate cuts being priced. ECB's Lagarde said it was likely to cut rates in the summer, but will remain data dependent. Companies Mentioned: Shein

US futures are indicating a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following weaker levels in Asian markets. Markets remain sensitive to global central banks' policy outlook. While central bank officials continue to push back on rate-cut pricing, market is still pricing in at least 125bps worth of easing. No change in Fed rate-cut pricing with at least six rate moves expected this year.Companies Mentioned: Apple, Uber Technologies

US futures are pointing to a flat to lower open as of 04:05 ET. European equity markets have opened higher, following mixed levels in Asian markets. Headline US CPI was stronger than expected, though core inflation was in line. In combination with depressed initial jobless claims, data fits with Fed narrative indicating that rate cuts may come later rather than sooner. Earnings season in focus with big US banks reporting pre-open today.Companies Mentioned: Tesla, CVS Health

US equity futures are indicating a slightly higher open as of 04:45 ET. This follows Asian markets closing higher, while European equity markets are also trading up. Market attention now squarely on the US CPI which has been broadly cited for restraining risk appetite this week. Markets are still pricing in 140 basis points of rate cuts in 2024, compared with the Fed's projection of 75 bps of cuts. Companies Mentioned: Paramount, OpenAI, Fox, Warner Brothers Discovery, Netflix

US equity futures are indicating a slightly higher open as of 04:45 ET. This follows mixed markets in Asia, while European equity markets are also mixed. The lack of clear directionality prompted more debate about upside prospects for equities with the market's Fed rate cut expectations closely scrutinized, reinforcing attention on Thursday's US CPI report. Earnings also coming into focus with big US banks set to report Friday. Companies Mentioned: Amazon, Nividia, Fujitsu, Panasonic

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. Tech outperformance is largely tied to lower bond yields, after a New York Fed survey of inflation expectations produced the lowest reading in two years. Thursday's US CPI data remains this week's key focal point.Companies Mentioned: Hewlett-Packard Enterprise, Juniper Networks, Match Group, Samsung Electronics

US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened mostly lower, following lower levels in Asian markets. Risk appetite remains soft following Friday's rebound in EU’s December inflation as well as a solid US payrolls report. US ISM report supported soft-landing and rate-cut narratives given cooling labor market and price trends. Fed fund futures still pricing in 64% probability of rate cuts from March. Companies Mentioned: Harpoon Therapeutics, Merck, BlackRock

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are lower. The market's focus remains on the paring back of central bank rate hike expectations. Today's main macro data point is US nonfarm payrolls, which is expected to show a further loosening of the labor market. Eurozone CPI accelerated as expected, however the data is unlikely to derail ECB rate cut hopes.Companies Mentioned: American Tower, Brookfield, Tesla

US futures are pointing to a mostly flat open as of 04:45 ET. European equity markets have opened higher, following lower trading in the Asian session. Equity markets finding a modicum of support after turning defensive this week amid overbought conditions and stretched positioning. Movement coincided with backup in bond yields, as markets pared back aggressive rate cut expectations. China equities saw another volatile day with more pressure on real estate developers.Companies Mentioned: SpaceX, TikTok, Japan Airlines

US futures are pointing to a slightly lower open as of 04:45 ET. European equity markets have opened down, following lower trading in the Asian session. Markets are defensive in early trade for the year, with the easiest excuse appearing to be overbought conditions, along with stretched positioning and sentiment indicators. China property developers under further pressure today, with more bad news that China Fortune Land bondholders received less than a third of principal due on dollar bonds. Companies Mentioned: Kia, ATOS SE, Airbus

US futures are pointing to a flat open as of 04:40ET. European equity markets have opened higher, following a mixed session in Asia. The Hang Seng fell (1.52%) as official PMIs and a downbeat address from President Xi weighed. A strong earthquake struck northern Japan Monday afternoon with reports of more than 30 dead, but no major abnormalities at nuclear power plants and no mention of major damage to urban areas. Companies Mentioned: ASML, Baidu, JOYY