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US Market Open: US-Iran mediation efforts to continue, though US sources suggest the chance of a deal is limited; USD gains
US Envoy Witkoff said mediators will continue their work, and he hopes talks will be constructive and promising.However, US sources told Al Hadath that the chance of a deal is limited and major disputes and obstacles remain.US equity futures give back earlier gains as focus turns to the Trump-Xi meeting.DXY bids higher despite lower energy prices; EUR little moved following broadly stronger PMI metrics.Fixed income benchmarks trade rangebound, as energy lacks a clear direction (Brent +0.3%).Looking ahead, highlights include US S&P PMIs Flash (Sep), SARB Policy Announcement. UN Meetings…
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