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US Market Open: Tentative trade ahead of Bessent speech; NQ underperforms, USD and USTs firmer
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 sanctions.European bourses trade tentatively; US equity futures are indicative of a weaker open, with underperformance in the NQ.DXY is firmer…
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