US futures are pointing to a higher open. European equity markets have opened in the positive territory, following upbeat Asian markets. Risk-on rally in US overnight with optimism fueled by Nvidia. Soft PMIs and mortgage rates at 23-year highs triggering fresh warnings of potential US recession. Powell expected to still lean hawkish in Jackson Hole speech tomorrow.

Companies Mentioned: Nvidia, KKR, Bank of America, Goldman Sachs, JPMorgan Chase, Morgan Stanley, UBS