US futures are pointing to a flat open as of 04:45 ET. European equity markets have opened higher, following mixed trading in Asian markets. Trading volumes notably lower over the Asian session. ECB financial stability review warns outlook fragile due to weakening macro-financial conditions and geopolitics. China's government set to recommend a 2024 GDP growth target ranging from 4.5-5.5%.

Companies Mentioned: Nvidia, Apple, Country Garden, Sino-Ocean, CIFI Holdings, Starbucks

US futures are pointing to a slightly lower, almost flat, open as of 04:05 ET. European equity markets have opened narrowly mixed, following mostly higher levels in Asian markets. No change in broader themes driving equity market sentiment. Disinflation momentum, soft landing narrative and expectations that central bank policy has peaked are helping sentiment. Market has largely shrugged off worries over lagged effects of central banks’ tightening cycle and recession signaling coming from bond market.

Companies Mentioned: Jacobs Solutions, Carlyle Group, McDonald's, Tesla

US equity futures are indicating a slightly higher open as of 05:00 ET. This follows mostly higher Asian markets, while European equity markets are mixed. Disinflation optimism and weaker macro data has put more traction behind the peak Fed and soft landing narratives. China left its 1Y and 5Y loan prime rates unchanged as expected.

Companies Mentioned: Coca-Cola, Coca-Cola Europacific Partners, Aboitiz Equity Ventures, Microsoft, OpenAI

US futures are pointing to a slightly higher open as of 04:05 ET. European equity markets have opened in the positive territory, following lower levels in Asian markets. Equity markets continue to benefit from disinflation narrative after softer US economic data. Some attention on implications of yield curve, which has become more inverted and ties into concerns over recession. Rate cut bets are picking up in US and markets already preparing for ECB to pivot to rate cuts.

Companies Mentioned: Google, Jacobs Solutions, UpHealth. Alibaba

US futures are indicating a flat open as of 04:45 ET. Asian markets were mixed overnight, with European equity markets also opening mixed. Strategists have highlighted the risk that markets may again overshoot expectations of a dovish pivot next year, particularly with the Fed on guard against excess loosening of financial conditions. The Biden-Xi meeting in San Francisco produced agreements to restore military communications and cooperate on areas such as AI, climate change and curbing fentanyl.

Companies Mentioned: QuidelOrtho, Burberry, Walgreens Boots Alliance

US futures are indicating a higher open as of 04:45 ET. European equity markets have opened in the positive territory, following higher trading in Asian markets. A substantial slump in US Treasury yields, caused by softer-than-expected US CPI, was the driver behind a positive shift in sentiment globally overnight. Fed Fund Futures pricing in just a 5% chance of a rate hike in December or January against almost 20% yesterday morning. Focus also turns to the long-awaited Xi-Biden meeting at the San Francisco APEC summit.

Companies Mentioned: Chevron, JD.com

US equity futures are indicating a higher open as of 05:00 ET. This follows mostly higher Asian markets, while European equity markets are slightly higher. The main economic focus today is October US CPI, which is forecast to show an energy-driven fall in headline inflation, and an unchanged core read. Expectations of additional China policy support are growing.

Companies Mentioned: Teck Resources, Glencore, Nippon Steel, Snap, Amazon

US futures are indicating a lower open in recovery as of 04:05 ET. European equity markets have opened in the positive territory, following mixed levels in Asian markets. No change to market expectations for Fed to hold rates at current level and begin easing by mid-2024. No change in expectations for European central banks either.

Companies Mentioned: Google, Microsoft, OpenAI

US futures are pointing to a higher open in recovery as of 04:05 ET. European equity markets have opened in the negative territory as they catch up with Wall Street's late selloff. Asian markets went lower. Markets in risk-off mode following Powell's comments on interest rates. With a hawkish spin, he said Fed will not hesitate to tighten again if needed, and expressed uncertainty whether policy was sufficiently restrictive, leading to dialing back of 2024 rate cut expectations.

Companies Mentioned: Verizon Communications, Warner Bros, Netflix, Meta Platforms, Tencent

US equity futures are indicating a largely flat open as of 04:45 ET. This follows Asian markets trading mixed, while European equity markets opened mixed but are now mostly higher. Fed Chair Powell is due to appear in a panel discussion today that may generate more headlines. In China consumer prices dipped back into contraction last month, and producer prices saw another sharp fall, adding to weak export figures from earlier this week.

Companies Mentioned: Morgan Stanley, DraftKings, 888 Holdings, Ping An Insurance, Country Garden