US futures are pointing to a mostly flat open as of 04:45 ET. European equity markets have opened higher, following lower trading in the Asian session. Equity markets finding a modicum of support after turning defensive this week amid overbought conditions and stretched positioning. Movement coincided with backup in bond yields, as markets pared back aggressive rate cut expectations. China equities saw another volatile day with more pressure on real estate developers.

Companies Mentioned: SpaceX, TikTok, Japan Airlines