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