US futures are pointing to a mostly flat open as of 04:45 ET. European equity markets have opened lower, following marginally higher Asian markets. No change in the broader narrative, with the latest gains attributed to dovish-leaning remarks from Fed Governor Waller on Tuesday. Market bets increasingly reflect expectations for a first Fed rate cut in May-24 with nearly 100bp in easing seen for the full year.

Companies Mentioned: Occidental Petroleum, Vista Outdoor, Dr. Martens