EU Market Open: Europe primed for a firm after strong US lead; NZD rebounds, USD weaker

US Treasury Secretary Bessent said they will implement unprecedented measures on Iran and are conducting a maximum pressure campaign against Iran.Crude futures struggled for direction following the prior day's choppy performance amid light headline newsflow and a lack of major geopolitical developments.APAC stocks traded mixed as the region only partially sustained the positive handover from Wall Street, where the S&P 500 hit a fresh record high.DXY marginally softened overnight; 10yr UST futures took a breather after recent bull steepening on softer-than-expected PPI data.European equity futures indicate a mildly positive cash market open with Euro Stoxx 50 futures up 0.3%.Looking ahead, highlights include German Wholesale Prices (Jul), French Inflation Final (Jul), EU GDP 2nd Estimate (Q2), Trade Balance (Jun), US Retail Sales (Jul), University of Michigan Prelim. (Aug), Atlanta Fed GDP (Q3), Fitch Credit Rating update on the UK.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk