EU Market Open: Europe set for a modestly weaker open despite losses stateside, ahead of Bessent announcement

US Treasury Secretary Bessent wrote in the FT that economic D-Day is coming for Iran, and countries that calculate appeasement of the regime to be a safer choice should reconsider.Iran warned, "If the economic war continues, not a single drop of oil will be exported٫ neither through the Strait of Hormuz nor from anywhere in the Persian Gulf.”Trade discussions between the US and Canada collapsed on Friday; Canadian PM Carney vowed to retaliate by matching tariffs dollar-for-dollar on US goods from September 8th.Crude futures pulled back after last week's advances, and with the absence of any major geopolitical developments over the weekend.APAC stocks traded mixed, albeit with a mostly negative bias; European equity futures indicate a slightly lower cash market open.Looking ahead, highlights include Mexican Inflation (Aug), US Chicago Fed National Activity Index (Jul), and comments from US Treasury Secretary Bessent. Earnings from Xpeng & PDD.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk