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EU Market Open: APAC stocks were mostly lower, and European bourses set for a negative cash market open; DXY mildly pressured
Iran’s IRGC destroyed a US MQ-9 drone over the Strait of Hormuz; separately, Sabereen reported that explosions were heard in Bandar Abbas, though details were light.
Crude benchmarks are mildly firmer amidst the tense geopolitical environment; the Pakistani Army Chief is set to arrive in Tehran today.
APAC stocks were mostly lower; European equity futures are set for a lower open.
G10s are mildly firmer against the softer USD; the Kiwi marginally leads.
Fixed benchmarks are mixed; JGBs soar following a stellar 20-year auction.
Looking ahead, highlights include German PPI (Sep), UK…
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