Iran's Foreign Ministry suggested that the country favous diplomacy, though crude benchmarks continued to move higher; GBP gains post-jobs data - Newsquawk US Market Open

  • Iranian Foreign Ministry said that if there is even the slightest chance that it may be able to prevent the escalation of tensions through diplomacy, it must definitely go this route.
  • US equity futures mixed, NQ under pressure as tech resumes last week's selloff.
  • DXY slightly lower; GBP firmer on an upbeat jobs report, while JPY unmoved following BoJ sources.
  • Fixed income benchmarks have a slight positive tilt; JGBs boosted by a strong 20-year auction.
  • Energy benchmarks a

APAC stocks were mostly lower, and European bourses set for a negative cash market open; DXY mildly pressured - Newsquawk EU Market Open

  • Iran’s IRGC destroyed a US MQ-9 drone over the Strait of Hormuz; separately, Sabereen reported that explosions were heard in Bandar Abbas, though details were light.
  • Crude benchmarks are mildly firmer amidst the tense geopolitical environment; the Pakistani Army Chief is set to arrive in Tehran today.
  • APAC stocks were mostly lower; European equity futures are set for a lower open.
  • G10s are mildly firmer against the softer USD; the Kiwi marginally leads.
  • Fixed benchmarks a
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