US equity futures are indicating a flat open as of 04:45 ET. This follows a lower Asian session, and European equity markets opening mostly down. Markets are largely in a waiting mode ahead of the US CPI data later today, and also the ECB decision coming tomorrow. US data previews see an energy-driven rise in headline CPI but no change in core figures. Market expectations are shifting to the likelihood of an ECB rate increase after a Reuters report said the ECB expects inflation to stay above 3% next year.

Companies Mentioned: Apple, Arm Holdings, BP