S&P futures are indicating a higher open, up +0.2%, as markets continue to process the political implications of the recent assassination attempt on former President Donald Trump. Market's attention today is on the takeaways from China’s Q2 GDP and June activity data, which highlight persistent weakness in domestic demand and the property market. The weaker-than-expected GDP has renewed doubts about the achievability of the government's annual GDP target of ~5%, leading to calls for stronger policy support.

Companies Mentioned: KKR, Verizon, Match Group, Microsoft, Alphabet, Lineage Logistics

US futures are indicating a higher open today. European equity markets are trading lower, following mixed finishes in Asian markets on Monday. Market attention is on the fallout from the assassination attempt on former president Donald Trump over the weekend. This incident has sparked significant discussion about its potential impact on the upcoming election, with the odds predicting a higher probability of Trump’s winning. This is expected to bolster the 'Trump trade,' potentially leading to a steeper yield curve and a stronger dollar.

Companies Mentioned: Alphabet, Goldman Sachs, Boeing

US futures are indicating a flat open today. European equity markets are trading higher, following Asian markets finished mixed on Friday. Cooler-than-expected US CPI data added momentum to the disinflation trajectory. This firmed market expectations of a September rate cut, with some even pricing in a third cut by year-end. Media continues to focus on whether US President Biden will remain 2024 presidential race.

Companies Mentioned: FMC Corp, SoftBank Group, Boeing

US futures are indicating a marginally lower open today. European equity markets have opened in the positive territory, following advanced levels in Asian markets. For US CPI data, economists expect an in-line print to give Fed more confidence for September rate cut. UK interest rate market turning more hawkish on prospect of August BoE rate cut.

Companies Mentioned: HubSpot, Apple, Alphabet, BHP, TSMC

S&P futures are indicating a higher open, +0.08% as the market awaits for tomorrow's CPI data. Sentiments are improving, after Fed Chair Powell's remarks kept the possibility of a September rate cut in play. The primary macro story today is China's June CPI inflation, which unexpectedly softened amid weak domestic demand. China's CPI inflation rose by +0.2% y/y in June, below the consensus of +0.4%, driven mainly by falling food prices, especially fresh fruits and vegetables. Core inflation remained steady at +0.6%. The PPI fell by (0.8%) y/y, in line with expectations, showing easing declines in upstream prices.

Companies mentioned: RTX Corp, Eversource Energy, MarineMax, OpenAI, Microsoft

S&P futures are indicating a higher open, up +0.23% following broad rallies in Asia. European equity markets are lower in early trade, following broadly firmer levels on Monday. The primary macro story driving the global market is the ongoing hearings by the Bank of Japan regarding bond market adjustments, which kicked off today. Market feedback from these sessions will be critical in gauging a realistic pace for JGB purchase reductions.

Companies mentioned: TSMC, Dominion Energy, Paramount, ReNew Energy Global