EU Market Open: Europe set for a lacklustre open despite strong APAC lead; SEK flat ahead of Riksbank

US President Trump announced sweeping economic measures against Iran and threatened consequences for countries or entities supporting Tehran.US President Trump said Iran negotiations may be at some point, while he reiterated Iran cannot have a nuclear weapon and said oil prices will be a lot lower when this is over.10yr UST futures marginally extended on the prior day's gains after long-end yields fell in response to the US Treasury announcement yesterday.FOMC Minutes from the July meeting stated that most participants assessed that higher rates would likely be necessary if inflation did not fall; little reaction seen on the release.APAC stocks were predominantly higher following a similar positive lead from Wall Street; European equity futures indicate a subdued cash market open.Looking ahead, highlights include German PPI (Jul), Canadian PPI (Jul), US Initial Jobless Claims (Aug 15), New Zealand Trade Data (Jul), Riksbank Policy Announcement (Aug). Comments from Riksbank's Thedeen. Supply from France, Earnings from Walmart & Alibaba.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk