Financial Market Preview - Friday 10-Nov

US futures are pointing to a higher open in recovery as of 04:05 ET. European equity markets have opened in the negative territory as they catch up with Wall Street's late selloff. Asian markets went lower. Markets in risk-off mode following Powell's comments on interest rates. With a hawkish spin, he said Fed will not hesitate to tighten again if needed, and expressed uncertainty whether policy was sufficiently restrictive, leading to dialing back of 2024 rate cut expectations. Companies Mentioned: Verizon Communications, Warner Bros, Netflix, Meta Platforms, Tencent

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StreetAccount U.S. Daily Market Preview is FactSet's daily podcast aiming to bring listeners up to speed with financial markets information on the day to come as quickly as possible. With a target time of ~5 minutes and a publish time of ~5:00 ET, this is an ideal listen prior to market open.