US futures are pointing to a mostly flat open today. European equity markets are trading higher, following positive trading in Asian markets. The early focus today is on Fed Chair Powell's comments at the ECB conference, which highlighted progress on inflation and two-sided risks to the Fed's goals. His comments were seen as generally consistent with expectations of rate cuts starting in September. The record-high close in the S&P 500 has stimulated debate over its sustainability.

Companies Mentioned: Paramount, PDD Holdings, Shein