US futures are pointing to a somewhat flat open as of 04:45 ET. European equity markets are higher, following mixed trading in the Asian session. We have the December FOMC meeting wrapping up today with Chair Powell’s press conference. Fed Fund Futures still point to around 100 bps in rate cuts next year, but some commentators said the Fed could yet indicate higher rates than the market is currently pricing. The confusing picture of 'Market versus Fed' led to a cautious day in Asia equity trading.

Companies Mentioned: Carlyle Group, Vertex, Pagero