EU Market Open: Europe primed for a flat open as Oil and Yields take a breather

US President Trump is waiting for Iran to cave to his economic pressure, but Tehran may be willing to wait even longer, according to POLITICO.Iranian Foreign Minister Araghchi said Tehran rejected ceasefire proposals and said that the war must end, not pause.US President Trump posted that he has paused the 50% tariffs on Canada, due to kick in on August 19th, for a three-day period; Canadian PM Carney confirmed the pause until the end of August 21st.APAC stocks were mostly lower following the tech-led declines stateside; European equity futures indicate a slightly lower cash market open.Crude futures edged higher amid the ongoing stalemate regarding the Strait of Hormuz; bond yields eased.Looking ahead, highlights include UK Inflation (Jul), EU Inflation Final (Jul), and FOMC Minutes (Jul). Comments from ECB's Lagarde. Supply from Germany and the US. Earnings from Lowe's.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk