Morning all!- US President Trump said he had an excellent conversation with Qatar's PM and that US military action again | Hanami
Morning all!
- US President Trump said he had an excellent conversation with Qatar's PM and that US military action against Iran seems unlikely at this point; reports suggest a Qatari-Pakistani proposal has revived US-Iran negotiations.
- APAC stocks traded higher as the tech rebound continued following Wall St's broad rally; European equity futures point to a positive open.
- DXY was little changed ahead of US CPI, while EUR/USD held above 1.1200 and Cable held above 1.3400.
- Crude extended its declines amid US-Iran optimism, while spot gold pulled back after Monday's rally.
- Looking ahead, highlights include Norwegian Inflation (Oct), US ADP Employment Change Weekly, US CPI (Oct), Riksbank Minutes, EIA STEO, BoC Minutes, BCB Minutes. Speakers include Fed's Waller, Schmid & Paulson, BoE's Lombardelli & Pill, ECB's Lane & Cipollone. Supply from the Netherlands, UK & US. Earnings from CoreWeave, Infineon, Porsche SE, TAG Immobilien & Vodafone.(Historical earnings: For 2026Q2 (period ended 2026-06-30), CoreWeave reported basic and diluted EPS of -2.53, net income of -USD 1.366 billion, and revenue of USD 4.653 billion.
Consensus expectations: For the upcoming 2026Q3 event, consensus expects EPS of -1.5535 and revenue of USD 3.541 billion.)