US futures are indicating a higher open as of 04:05 ET. European equity markets have opened positive, following strong performance in Asian markets. Markets appear confident inflation will continue to slow, implying central banks will ease. Fed fund futures imply ~85% chance Fed is done, and ~80% chance it will start cutting in June 2024. Futures also imply ~80% probability ECB will begin easing as soon as April, and BoE rate cut is almost fully priced for August.

Companies Mentioned: Palo Alto Networks, WeWork