US futures are indicating a higher open as of 04:45 ET. European equity markets have opened in the positive territory, following higher trading in Asian markets. A substantial slump in US Treasury yields, caused by softer-than-expected US CPI, was the driver behind a positive shift in sentiment globally overnight. Fed Fund Futures pricing in just a 5% chance of a rate hike in December or January against almost 20% yesterday morning. Focus also turns to the long-awaited Xi-Biden meeting at the San Francisco APEC summit.

Companies Mentioned: Chevron, JD.com