EU Market Open: Europe primed for flat open following indecisive APAC lead into NFP

US President Trump thinks the war with Iran will end pretty soon and said the Strait of Hormuz is sort of open right now; Trump conducted a phone call with the Saudi Crown Prince.Oman and Iran reached an agreement over the Strait of Hormuz, according to MS Now citing two Middle East diplomats, although the diplomats declined to describe the details of the temporary agreement or what issues remain unresolved.A strategic plan for managing the Strait of Hormuz would reportedly prohibit the passage of vessels belonging to the US, Israel and other hostile countries through the Strait of Hormuz.APAC stocks ultimately traded mixed following the weak lead from Wall Street; European equity futures indicate a mildly lower cash market open.DXY took a breather, 10yr UST futures remained lacklustre, and Crude futures extended on the prior day's rally.Looking ahead, highlights include German Industrial Production (Jun), Trade Balance (Jun), French Trade Balance (Jun), US Jobs Report (Jul), Canadian Jobs Report (Jul), Ivey PMI (Jul), NY Fed SCE (Jul), Fed's Barkin. Credit Ratings include S&P on Switzerland.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk