Iranian FM Araghchi said the MoU with the US is in effect and that Tehran wants to return to a peaceful solution, and added that Iran is not interested in continuing the conflict and looks forward to returning to a diplomatic solution.US equity futures gain, with the NQ outperforming following reports of a potential Intel-SK Hynix deal.DXY flat; GBP saw two-way price action as headline CPI returns above 3%.Fixed income benchmarks mixed; USTs await the FOMC policy announcement.Energy pares back the recent upside, helped by the constructive commentary from Iran.Looking ahead, highlights include US Retail Sales (Aug), Atlanta Fed GDP (Q3), New Zealand GDP (Q2), Fed Policy Announcement, BCB Policy Announcement, BoC Minutes. Speakers include ECB's Vujcic, Elderson & Nagel, Fed Chair Warsh.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
US VP Vance told the NY Post that the conflict with Iran is expected to shift into a "much different phase" in the coming months.A US official said the military and Gulf countries have begun conducting daytime tanker transits through the Strait of Hormuz, rather than only at night as in recent months, according to Axios.Crude futures pulled back after rallying again yesterday as a series of geopolitical and supply headlines lifted the benchmarks.APAC stocks were mixed in choppy trade, albeit with sentiment gradually improving; European equity futures indicate a modestly positive cash market open.Looking ahead, highlights include UK Inflation (Aug), Italian Inflation Final (Aug), ECB Wage Tracker (Aug), US Retail Sales (Aug), Atlanta Fed GDP (Q3), New Zealand GDP (Q2), Fed Policy Announcement, BCB Policy Announcement, BoC Minutes. Speakers include ECB's Vujcic, Elderson & Nagel, Fed Chair Warsh. Supply from Germany.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Iranian Parliament Speaker Ghalibaf said Iranian forces have full control of the Strait of Hormuz and will prevent enemy vessels from crossing.The Bank of England has reportedly written plans with the DMO to overhaul its money-printing programme, with plans to stop selling 20- and 30-year gilts, according to the Telegraph.Global equities continue to be weighed on by higher energy prices and bond yields.DXY edges higher; GBP unreactive following a mixed jobs report.Fixed income benchmarks fall, with USTs underperforming; Gilts little moved amid the Telegraph report.Energy benchmarks remain at elevated levels as Houthis continue to strike Saudi military sites.Looking ahead, highlights include US ADP Employment Change Weekly. Speakers include ECB's Cipollone and US Treasury Secretary Bessent. Supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Crude futures remained firmer amid the ongoing conflict in the Middle East as Yemeni Houthis continued to target areas in Saudi Arabia, while Iran reiterated an unwillingness to negotiate an agreement with the US.IRGC Navy said the Strait of Hormuz is closed and remains under its control, according to Tasnim.APAC stocks traded mostly lower following the recent tech selling that was triggered by calls from industry CEOs for a slowdown in AI development; European equity futures indicate a flat cash market open.10yr UST futures declined amid gains in oil prices and after the US 10yr yield hit 5% for the first time since 2023; DXY edged higher in APAC trade.Looking ahead, highlights include UK Jobs/Wages (Jul), French/Spanish Inflation Final (Aug), German/EU ZEW Economic Sentiment Index (Sep), and US ADP Employment Change Weekly. Speakers include ECB's Cipollone. Supply from the UK, Germany & US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Iranian Foreign Ministry Spokesperson said that Saudi Arabia insisted that the meeting between Iran and Gulf nations in Oman not to take place and it will be postponed to another date due to the Yemen situation.US President Trump said he warned Ukraine to stop targeting Russian oil refineries, as strikes have shut down diesel refining and helped lift prices of the fuel to record levels.Anthropic CEO Amodei urged a slowdown in the development of the most advanced AI systems to prevent AI from slipping beyond human control.US equity futures fall, Semis hit the hardest on worries of less capex investment.DXY firms on Fed rate hike bets and higher energy prices; JPY underperforms.Fixed income benchmarks mixed despite higher energy prices (Brent +2.7%).Looking ahead, highlights include the Canadian CPI (Aug). Speakers include ECB's Cipollone & Lagarde.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk