- Tuesday saw trepidation in US equity futures as some investors doubted the durability of a strong rally driven by anticipation of a Federal Reserve shift to rate reductions.
- After the S&P 500 surged to its strongest close since August and the Nasdaq 100 hit a 22-month high on Monday, Goldman Sachs strategists warned of the risk of "disappointment in the near term" amid lingering concerns about economic growth and inflation. Citi strategists warned of the possibility of a short squeeze, which could derail the momentum.
- Contracts on the S&P 500 and Nasdaq 100 were little changed.
- The STOXX Europe 600 index fell when ECB's Simkus said market expectations for rate reduction were too optimistic.
- BoE's Mann: I would like to see rates higher than they are now.
