EU Market Open: Europe primed for a firmer open as yields and energy benchmarks moderate

US Treasury sanctioned nearly 60 Iran-linked entities, people and vessels across nuclear, missile, cyber and oil networks.US President Trump is making calls to world leaders to cut economic ties with Iran and that the US expects actions from other nations and, if others do not act, the Treasury will unilaterally act.US Treasury Secretary Bessent said there will be a wave of sanctions after this, with a major financial institution expected to be sanctioned by the end of the week.Iran’s Economy Minister said the country is fully prepared for the US sanctions and that they cannot cut off Iran’s financial arteries.US is said to eye 7.5% China overcapacity tariffs before the Trump-Xi talks, according to multiple reports.APAC stocks were mixed following the subdued lead from Wall Street; European equity futures indicate a marginally positive cash market open.Looking ahead, highlights include German GDP Final (Q2), Ifo Expectations (Aug), US ADP Employment Change Weekly, House Price Index (Jun), US Richmond Fed Manufacturing Index (Aug). Riksbank Minutes (Aug), Fed Discount Rate Minutes (Aug)., Supply from UK, Germany and US. Earnings from Intuit.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk