US equity futures are slightly higher, while European markets are trading higher and Asian markets ended mostly lower. The ECB cut rates by 25 bps for the third consecutive meeting, signaling a shift to a more neutral stance. Policymakers remain focused on managing inflation risks, while Bloomberg reports suggest further cuts may come in January and March. Meanwhile, US PPI data came in slightly hotter than expected, though it has not shifted expectations of a December rate cut, which the market sees as highly probable. Geopolitics are in focus as easing tensions in the Middle East bring hopes for a Gaza ceasefire deal. Investors are also looking ahead to next week’s FOMC meeting and updated economic projections.

Companies Mentioned: Carlyle Group, Upbound Group, Blackstone, Dexus Property Group