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