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US Market Open: Equities lacklustre with catalysts light, USD weakens despite firmer Oil prices
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 prices (Brent +0.9%).Fixed income benchmarks continue to fall; Gilts are unreactive as Farage wins the Clacton by-election.Looking ahead, highlights include…
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