EU Market Open: US President Trump said Iran had asked for a halt to US attacks; European bourses set for a firmer open after the recent tech sell off

Newsquawk Rundown, Daily Podcast · Oct 16, 2026 · 1m

US President Trump said Iran had asked for a halt to US attacks and negotiations are still ongoing. Trump mentioned that he would not use nuclear weapons, but warned that they may have to go to Pickaxe Mountain.

APAC stocks traded mostly higher, attempting to rebound from the recent tech selloff; European equity futures are set for a positive cash market open.

DXY is essentially flat, and was largely unreactive to Fed Chair Warsh who avoided any forward guidance; Antipodeans leads, whilst the CHF underperforms.

Crude benchmarks are in the red as the Middle East situation remains tense; Trump…