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US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. No change in broader market themes. Recent central bank speak has seen Fed officials continuing to highlight need for more evidence on inflation, driving another round of hawkish pivot repricing. Markets now pricing in three rate cuts in 2024, in-line with Fed's median outlook. Markets also pricing in 2024 ECB rate cuts of less than 100 bps and toned down BoE rate cut expectations. Companies Mentioned: Broadcom, KKR, Ford, Walt Disney, Reliance Industries

US equity futures are indicating a mostly flat open as of 04:45 ET. This follows markets trading higher in Asia, whilst European equity markets have opened mixed to higher. Strength in tech stocks has continued with NIVDIA's earnings still driving sentiment. This has seen several leading indices hit new record highs. The market has largely shrugged-off more cautious Fedspeak. Companies Mentioned: General Motors, Standard Chartered

US equity futures are indicating a higher open as of 04:45 ET. This follows markets trading higher in Asia, whilst European equity markets have also opened stronger. Fairly unsurprising January FOMC minutes noted most officials flagged the risks of cutting rates too early, with only "some" policymakers warning of downside risks of maintaining higher rates for too long. NVIDIA reported Q4 top and bottom line beats, with Data Center revenue exceeding lofty expectations. Companies Mentioned: NVIDIA, Mondelez International, Mercedes-Benz Group

US equity futures are indicating a lower open as of 04:45 ET. This follows mixed markets in Asia, whilst European equity markets have also opened mixed. Markets are awaiting key catalysts later on Wednesday. NVDA is due to reports its Q4 numbers, with the stock up over 50% since last quarter's earnings. January FOMC minutes are expected to push back against expectations around the Fed's rate cut path and reinforce the higher-for-longer bias. Companies Mentioned: Meta, Microsoft, Apple, Disney, Sony

US equity futures are indicating a lower open as of 05:00 ET. This follows mixed markets in Asia, while European equity markets are mixed. The disinflation narrative is still largely intact despite firmer than expected US CPI and PPI releases. Fed rhetoric is still supportive of rate cuts, but there is less than a 50% chance for a May move. China left the 1Y LPR unchanged as expected while reducing the 5Y LPR by a larger-than-anticipated 25 bp, indicating Beijing's clear intention to focus on stimulating the property market. Companies Mentioned: Capital One Financial, Discover Financial, S&P Global, Apple, Intel

US futures are indicating a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong Asian trade. Market continues to take encouragement as officials from Fed, BoE and ECB have noted disinflation process remains on track, but there remains caution. Europe optimism is also supported by upbeat earnings, yield stabilization and positive strategist commentary. Companies Mentioned: Apple, DraftKings, Nike

US futures are pointing to a higher open as of 04:05 ET. European equity markets have opened in the positive territory, following a strong session in Asia. Takeaways post-US CPI downplay above-consensus print, pointing to one-off seasonal price adjustments. Fed officials confident that inflation is on right track, while stressing need to proceed carefully on rate cuts. Disinflation narrative still intact although markets have toned down projected Fed rate cuts to 3-4. Companies Mentioned: Disney, Reliance Industries, Crown Castle

US equity futures are indicating a higher open as of 04:45 ET. This follows mostly lower markets in Asia, while European equity markets are largely higher. Asian markets followed through from Tuesday’s losses on Wall Street with a correction of their own Wednesday, as higher Treasury yields sent the US dollar higher and regional currencies lower. Markets are also reacting positively to UK inflation unexpectedly holding steady versus expectations for a modest increase. Companies Mentioned: Coca-Cola, Disney

US equity futures are indicating a lower open as of 05:00 ET. This follows mostly higher markets in Asia, while European equity markets are lower. US CPI is due today, with the data forecast to show a step down in annualized headline and core inflation to the lowest since Mar-2021. Cautious Fed pivot messaging has led markets to dial back 2024 rate cut expectations, with 4-5 now being priced in. Companies Mentioned: JetBlue Airways, Manchester United, SoftBank, Tokyo Electron, Siltronic

US futures are indicating a lower open as of 04:05 ET. European equity markets have opened higher, following a quiet session in Asia. Renewed bond market weakness follows run of strong US macro data and Fedspeak that has been uniformly hawkish with officials continuing to push higher-for-longer narrative. Developments have continued to flatten market-implied rate-cut path. Futures now pricing in around 110 bps of rate cuts in 2024, and have largely priced out March rate cut, while economists now see first rate cut occurring in May or June. Companies Mentioned: Diamondback Energy, Disney, Reliance Industries

US futures are pointing to a slightly lower open. European equity markets have opened mixed, following mostly lower levels in Asian markets. ECB’s pushback against rate cut bets unabated. BoE speakers also pushing back against rate cut bets. Nothing new from PBOC Q4 monetary policy report. BOJ Governor said financial conditions in Japan will remain easy. RBA Governor repeated further rate hikes can't be ruled out. Companies Mentioned: Disney, Grab, GoTo, Children's Place

US equity futures are indicating a broadly flat open as of 04:45 ET. This follows mostly higher markets in Asia, while European equity markets are mixed. No big influences on the market. The Fed pivot remains the biggest story, though some heightened uncertainty surrounding the timing and magnitude, along with the need to wait for more data. Mainland China equities extending gains after Beijing replaced its head of securities regulator. Companies Mentioned: Boeing