Morning all!- US President Trump said he is always open to direct talks with Iran and that it will all work out regardin | Hanami
Morning all!
- US President Trump said he is always open to direct talks with Iran and that it will all work out regarding the Saudis and Houthis.
- US President Trump said the Iran war will end soon and that the US secured the Strait of Hormuz; UKMTO separately reported a tanker was struck by an unknown projectile in the Strait.
- APAC stocks traded mostly higher following the positive handover from Wall St; European equity futures indicate a higher cash market open.
- Crude futures were range-bound amid a slew of geopolitical headlines; 10yr UST futures traded little changed after yesterday’s retreat as the curve bear steepened.
- DXY remained afloat after gaining yesterday against most G10 FX peers amid the continued rise in long-term US Treasury yields.
- Looking ahead, highlights include German Factory Orders (Aug), EZ Retail Sales (Aug), US ADP Employment Change Weekly, Atlanta Fed GDP (Q3), EIA STEO. Speakers include BoE's Mann, ECB's Zigman, Elderson & Cipollone, Fed's Williams, Bowman & Schmid. Supply from the UK, Germany & the US.