S&P futures are pointing to a slightly lower open, down (0.3%). European equity markets are broadly firmer in early trades, following a strong Asian session. Chinese battery maker CATL surged nearly +17% on its Hong Kong trading debut after raising $4.6B in the largest global listing of 2025. The offering saw strong demand, with institutional subscriptions oversubscribed 15.2 times and retail 151 times. Analysts highlighted its attractive valuation at 17x P/E and its position as a blue-chip industry leader in EV batteries, despite challenges like U.S. scrutiny and trade tensions.

Companies Mentioned: CATL, Coinbase, Ryman Hospitality Properties, American Water Works