Happy Friday all! - Iranian Foreign Minister Araghchi said Iran presented a proposal to the US through mediators this we | Hanami
Happy Friday all!
- Iranian Foreign Minister Araghchi said Iran presented a proposal to the US through mediators this week to reopen the Strait of Hormuz and restart negotiations towards a final deal.
- Chinese President Xi urged the US and Iran to return to resolving issues through negotiation as soon as possible, according to Xinhua.
- Chinese President Xi said China and the US reached a common understanding on many issues.
- Crude futures pulled back overnight after the prior day's advances, with the reversal seen following reports that the US and Iran discussed a phased deal to reopen the Strait of Hormuz.
- APAC stocks were ultimately mixed following the inconclusive handover from the US; European equity futures indicate a positive cash market open.
- Looking ahead, highlights include German GfK Consumer Confidence (Oct), US Durable Goods Orders (Aug), Atlanta Fed GDP (Q3). Speakers include Fed's Williams, Hammack & Schmid, ECB's Vujcic, BoE Governor Bailey. Credit ratings, including Moody's on the EU & Italy, and Scope Ratings on the EU.