Good morning to our US followers!!

- The US and Israel are considering a land blockade of Iran to increase economic pressure, senior Israeli sources told The Telegraph. The plan could involve urging neighbouring countries and regional partners to restrict border crossings and trade.

- Iran's IRGC said two offending tankers were hit and stopped, and four offending tankers quickly changed course. Additionally, the IRGC said the Strait of Hormuz is closed, and any transit and movement will be possible only with the coordination of the IRGC Navy.

- BoJ kept rates unchanged at 1.00%, as expected, through an 8-1 vote, with board member Takata the dissenter who proposed a 25bps rate hike. Little move seen in Japanese assets following the announcement and Governor Ueda press conference.

- US equity futures are firmer, with Amazon surging pre-market (+12%) after reporting faster AWS growth.

- Fixed income benchmarks are mixed and way off best levels as energy prices rebound following recent reporting of a land blockade and hit tankers (Brent +0.3%).

- Looking ahead, highlights include Canadian GDP (May), US University of Michigan Final (Jul). Speakers include BoE's Pill, Fed's Hammack, Logan & Kashkari. Earnings from AbbVie & Chevron. Scope Ratings update on Switzerland.

Good morning to our US followers!!

- The US and Israel are considering a land blockade of Iran to increase economic pressure, senior Israeli sources told The Telegraph. The plan could involve urging neighbouring countries and regional partners to restrict border crossings and trade.

- Iran's IRGC said two offending tankers were hit and stopped, and four offending tankers quickly changed course. Additionally, the IRGC said the Strait of Hormuz is closed, and any transit and movement will be possible only with the coordination of the IRGC Navy.

- BoJ kept rates unchanged at 1.00%, as expected, through an 8-1 vote, with board member Takata the dissenter who proposed a 25bps rate hike. Little move seen in Japanese assets following the announcement and Governor Ueda press conference.

- US equity futures are firmer, with Amazon surging pre-market (+12%) after reporting faster AWS growth.

- Fixed income benchmarks are mixed and way off best levels as energy prices rebound following recent reporting of a land blockade and hit tankers (Brent +0.3%).

- Looking ahead, highlights include Canadian GDP (May), US University of Michigan Final (Jul). Speakers include BoE's Pill, Fed's Hammack, Logan & Kashkari. Earnings from AbbVie & Chevron. Scope Ratings update on Switzerland.

Source:https://twitter.com/newsquawk/status/2083137411882602958