S&P futures are pointing to a slightly lower open today, down (0.23%). European equity markets are higher in early trading, following a positive close on Monday, while Asian equities advanced broadly, led by China’s tech sector. Foreign portfolio inflows into mainland China securities hit a record $228.1B in February. Net flows, including outbound investments, turned positive for the first time since September. The MSCI China index is up +23% YTD, contrasting with a (3.5%) decline in the S&P 500. Foreign holdings of Chinese government bonds also rose for the first time in six months, reflecting renewed investor interest.

Companies Mentioned: Google, Walgreen, Americold Realty Trust, BYD, NIO, CATL