Morning all!- US-Iran talks and efforts by mediators this week yielded little progress, raising the odds of renewed comb | Hanami
Morning all!
- US-Iran talks and efforts by mediators this week yielded little progress, raising the odds of renewed combat, while Qatar will continue efforts despite growing frustrations with both sides, according to Axios.
- An Iranian diplomatic source said Iran will only be ready to discuss the nuclear issue after the Strait of Hormuz issue is resolved and Washington lifts the blockade.
- APAC stocks were ultimately mixed; European equity futures indicate a positive cash market open. DXY took a breather after gaining yesterday; 10yr UST futures edged higher overnight following the prior day's steepening.
- Crude futures were constrained after sliding yesterday following several downside catalysts; Spot gold was little changed beneath the USD 4,200/oz level.
- Looking ahead, highlights include German Retail Sales (Aug), French CPI (Sep), German State/National CPI (Sep), Italian CPI (Sep), US PCE Price Index (Aug/Q2), GDP Final (Q2), Atlanta Fed GDP. Speakers include ECB’s Elderson & Schnabel, Fed’s Barkin, Cook, Goolsbee & Kashkari. Supply from Germany, US Treasury buyback announcement (10-20yr; liquidity support), Earnings from Micron, Accenture & McCormick.