US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following mixed Asian markets. Fed Chair Powell reiterated it will be appropriate to begin dialing back policy restraint at some point this year, though also said Fed still needs greater confidence inflation is moving sustainably towards 2%. ECB policy set to remain on hold. Tone likely to remain cautious. Majority of sell-side economists still see June move.

Companies Mentioned: Intel, Apple