Morning briefing:
Iran's Foreign Minister says no decision yet on resuming US talks. Washington must meet conditions on the Strait of Hormuz before shipping can restart. The 60-day US-Iran ceasefire expires soon—geopolitical risk remains elevated.
APAC markets opened mixed but mostly positive despite the Iran uncertainty. Crude oil is stuck in neutral as traders wait for clarity on Hormuz shipping, which slowed over the weekend.
$DXY drifted slightly lower with no major US catalysts. 10-year Treasury futures are range-bound.
European equity futures point to a slightly higher open—Euro Stoxx 50 futures up 0.3% after Friday's minor 0.1% loss.
Ahead today: Chinese activity data (revised release time), Canadian inflation (July), and ECB's Lane speaks.
Iran's Foreign Minister says no decision yet on resuming US talks. Washington must meet conditions on the Strait of Hormuz before shipping can restart. The 60-day US-Iran ceasefire expires soon—geopolitical risk remains elevated.
APAC markets opened mixed but mostly positive despite the Iran uncertainty. Crude oil is stuck in neutral as traders wait for clarity on Hormuz shipping, which slowed over the weekend.
$DXY drifted slightly lower with no major US catalysts. 10-year Treasury futures are range-bound.
European equity futures point to a slightly higher open—Euro Stoxx 50 futures up 0.3% after Friday's minor 0.1% loss.
Ahead today: Chinese activity data (revised release time), Canadian inflation (July), and ECB's Lane speaks.