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US Market Open: Crude benchmarks firmer amidst ongoing tensions in the Middle East; EUR digests poor PMI metrics

US President Trump says the US crushed Iran, and may want to do it a "little more".

Crude benchmarks firmer on ongoing tensions in the Middle East; recent bout of strength comes after the Houthis launched another missile towards Saudi interests.

European bourses are in the red following a few dire results from Kering and Volvo Cars; US equity futures are mixed.

USD is firmer vs most G10 peers; CHF is the laggard, whilst the EUR digests poor French PMI metrics.

Fixed benchmarks are mixed; USTs are down by a handful of ticks, whilst Bunds hold steady.

Looking ahead, highlights include Global…

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