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Two regional sources told Axios that in recent days Iran has shown renewed interest in negotiationsUS equity futures trade mixed as Nvidia pulls back from its record-setting day.DXY rangebound; G10s lack direction ahead of Fed Chair Warsh's Jackson Hole address.Fixed income benchmarks await a busy speaker slate; OATs steady after the presidential debate.Energy benchmarks subdued amid a lack of...
US President Trump’s administration has repeatedly told mediators it has no interest in going back to the terms of the MoU it reached with Iran in June, WSJ sources said.Any agreements concluded between Iran and Oman are of no importance to the US, and there are no ongoing or scheduled negotiations with Iran, according to a US source cited by Al Jazeera.Chinese executives may join Chinese President Xi's US trip, as a trade truce extension is almost certain,...
US White House is reportedly considering a new round of tariffs on chips, Politico reports citing sources.Nvidia (NVDA) shares rise by over 7% pre-market after beating on top and bottom lines, whilst the CEO said they are seeing demand acceleration and expect revenues to grow about 70% in fiscal 2028.US equity futures firmer across the board, helped by positive Nvidia and Salesforce earnings.DXY modestly higher; JPY little moved following...
NVIDIA (NVDA) shares rose almost 5% after beating on top and bottom lines, whilst the CEO said they are seeing demand acceleration and expect revenues to grow about 70% in fiscal 2028.Crude futures mildly declined following recent indecisive performance amid mixed geopolitical updates.Oman reportedly stopped cooperating with the US to facilitate escorted tanker movements through southern Hormuz, according to Press TV.APAC stocks were...
Iran's Deputy Foreign Minister Gharibabadi details a temporary arrangement between Iran and Oman concerning the Strait of Hormuz while asserting that reopening of the waterway hinges on the realisation of Tehran's demands, according to Press TV.European bourses are mildly firmer; Intuit -11% after disappointing guidance.USD firms against most G10s, particularly vs. high beta, though AUD and JPY lead after data.Fixed benchmarks are mixed...
Crude futures extended their declines after falling around 5% yesterday as geopolitical developments appeared more constructive.Iran's Deputy Foreign Minister said US minesweepers are very good targets if they enter the region.APAC stocks were mostly in the green following the gains on Wall Street, where sentiment was underpinned amid Strait of Hormuz optimism, lower oil prices and a drop in yields.US equity futures were indecisive...
Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the naval blockade in exchange for opening the Strait, Al Arabiya reports, citing sources. Brent Nov’26 -2.5%.Pakistan reported "significant progress" was made in high-level diplomatic talks held in Tehran.European bourses modestly gain, with strength also seen across US peers; NQ +0.6%.DXY is flat, trading around the 99.00 mark; G10s are...
US Treasury sanctioned nearly 60 Iran-linked entities, people and vessels across nuclear, missile, cyber and oil networks.US President Trump is making calls to world leaders to cut economic ties with Iran and that the US expects actions from other nations and, if others do not act, the Treasury will unilaterally act.US Treasury Secretary Bessent said there will be a wave of sanctions after this, with a major financial institution expected to be sanctioned by the...
US Treasury Secretary Bessent wrote in the FT that economic D-Day is coming for Iran, and countries that calculate appeasement of the regime to be a safer choice should reconsider.Iran warned, "If the economic war continues, not a single drop of oil will be exported٫ neither through the Strait of Hormuz nor from anywhere in the Persian Gulf.”Crude is subdued amid a lack of major weekend escalations, eyes on Bessent’s presser, who is set to unveil Iran...
US Treasury Secretary Bessent wrote in the FT that economic D-Day is coming for Iran, and countries that calculate appeasement of the regime to be a safer choice should reconsider.Iran warned, "If the economic war continues, not a single drop of oil will be exported٫ neither through the Strait of Hormuz nor from anywhere in the Persian Gulf.”Trade discussions between the US and Canada collapsed on Friday; Canadian PM Carney vowed to retaliate by matching tariffs...
US equity futures rebound heading into the final trading session of the week.DXY returns to Thursday's low; Antipodeans outperform, EUR and GBP muted following broadly strong PMIs.US 30yr yield slips below 5.25%, lifting Spot Gold and Bitcoin to key levels.Energy benchmarks lower amid light geopolitical newsflow.Looking ahead, highlights include Canadian Retail Sales (Jun), US S&P Flash PMIs (Aug), EU...
APAC stocks were mixed as the region attempted to shrug off the broadly negative handover from Wall Street; European equity futures indicate an uneventful open.In FX, DXY marginally softened, and USD/JPY was choppy overnight following the mostly in-line Japanese inflation data for July.10yr UST futures lingered around the prior day's trough, Bund futures mildly retreated, and 10yr JGB futures tracked previous declines in global...
US President Trump announced sweeping economic measures against Iran and threatened consequences for countries or entities supporting Tehran.US President Trump reportedly told his negotiating team that the chances of an agreement with Iran have become slim, according to Al Arabiya, citing sources.US equity futures are muted; focus to be on Walmart earnings.DXY extends on Wednesday's losses; NZD outperforms while AUD completely pares the...
US President Trump announced sweeping economic measures against Iran and threatened consequences for countries or entities supporting Tehran.US President Trump said Iran negotiations may be at some point, while he reiterated Iran cannot have a nuclear weapon and said oil prices will be a lot lower when this is over.10yr UST futures marginally extended on the prior day's gains after long-end yields fell in response to the US Treasury announcement...
US President Trump is waiting for Iran to cave to his economic pressure, but Tehran may be willing to wait even longer, according to POLITICO.A source close to Iran's negotiating team said there had been no direct Iran-US negotiations and that talks with Oman concerned sovereignty over the Strait of Hormuz, according to Fars News.US President Trump announced that the US is to pause the 50% tariffs on Canada.US equity futures muted; SK...
US President Trump is waiting for Iran to cave to his economic pressure, but Tehran may be willing to wait even longer, according to POLITICO.Iranian Foreign Minister Araghchi said Tehran rejected ceasefire proposals and said that the war must end, not pause.US President Trump posted that he has paused the 50% tariffs on Canada, due to kick in on August 19th, for a three-day period; Canadian PM Carney confirmed the pause until the end of August...
Iranian Parliamentary Speaker Ghalibaf said the Strait of Hormuz will not open until the blockade and oil embargo are lifted.Global equities trade on the softer side, driven by the upside in bond yields (US 30yr 5.32%).DXY continues to rebound, GBP lower despite mixed jobs/wages data.Energy benchmarks rangebound; record copper prices boost BHP earnings.Looking ahead, highlights include US ADP Employment Change...
US President Trump reiterated US control of the Strait of Hormuz, and that Iran wants to make a deal, but also stated that Iran won't make the deal he thinks is necessary and he is not seeking an extension of the Iran MoU.An understanding to extend the ceasefire between the US and Iran under the Islamabad MoU has been reached and agreed in principle, according to Pakistani journalist Anas Malick.US President Trump said he doesn't think Oman behaves very well,...
The Iranian Foreign Ministry said that the MoU signed with the US does not stipulate a 60-day deadline and that no talks have begun with the US due to violations.Furthermore, the Iranian Foreign Ministry said talks with Oman are ongoing.US equity futures are mixed, with the NQ outperforming but in light volume.DXY softens; CHF benefits as carry USD positions unwind, Antipodeans outperform on easing Fed...
Iranian Foreign Minister Araghchi said Iran had not decided to resume talks with the US, and that Washington must meet conditions on the strait in order for shipping to resume in the waterway.APAC stocks began the week mixed, albeit with a mostly positive bias, following a quiet weekend of macro newsflow and amid geopolitical uncertainty as the 60-day US-Iran ceasefire is set to expire.Crude futures were indecisive as participants continue to await a Strait of...
US Treasury Secretary Bessent said they will implement unprecedented measures on Iran and are conducting a maximum pressure campaign against Iran.UKMTO said a tanker was struck by a drone while transiting outbound through the Strait of Hormuz. This comes following comments by UAE's ADNOC saying two of its vessels were attacked on Thursday.US equity futures are muted amid light volume in the summer period.DXY weakens despite firmer energy...
US Treasury Secretary Bessent said they will implement unprecedented measures on Iran and are conducting a maximum pressure campaign against Iran.Crude futures struggled for direction following the prior day's choppy performance amid light headline newsflow and a lack of major geopolitical developments.APAC stocks traded mixed as the region only partially sustained the positive handover from Wall Street, where the S&P 500 hit a fresh record...
The Strait of Hormuz authority rejected US claims and said the waterway remains blocked until Iran's conditions are met, according to Press TV.USD/JPY saw a bout of mild pressure late in the session after Bloomberg sources said that the Takaichi government is said to support a faster BoJ rate hike.US equity futures mixed, with the NQ giving back some of Wednesday's gains.DXY flat; NOK softens as the Norges Bank leaves rates unchanged but...
Pakistan's key mediator has held a second meeting with Iran's Foreign Minister Araghchi and is seeking to extend the 60-day truce, according to an informed source cited by Al Arabiya.Strait of Hormuz authority rejected US claims and said the waterway remains blocked until Iran's conditions are met, according to Press TV.Crude futures initially declined but clambered off worst levels, with price action indecisive amid the absence of any major geopolitical updates...
Pakistan's Foreign Ministry said it continues to activate direct and indirect diplomatic channels between the US and Iran and that they are working to bring both sides to the negotiating table in Islamabad.US equity futures gain, with outperformance in NQ futures following stellar SMCI and CRWV earnings.DXY muted; low-yielding funders modestly weaker as JPY shorts are relocated.Fixed income benchmarks slightly firmer on light volume ahead...
