US equity futures are slightly higher after Tuesday’s sharp losses. European markets are trading firmer and Asian equities ended mostly lower, with declines in Japan and Hong Kong offset by gains in South Korea and Australia. Focus remains on key macroeconomic and policy developments as markets await Friday's December nonfarm payrolls report, which could influence the Fed's rate path. Hawkish macro data drove yields higher, with the 10-year hitting its highest level since April 2024. Uncertainty surrounding Trump tariff plans and Fed rate policies weighed heavily on sentiment, while China trade frictions, including Shandong Port Group's decision to block US tankers, added to the cautious tone.

Companies Mentioned: Goodyear Tire & Rubber, Sumitomo Rubber Industries, Kimbell Royalty Partners, Charles Schwab, Toronto-Dominion Bank