EU Market Open: Europe set to build on gains after a quiet weekend and similar APAC lead

Iranian Foreign Minister Araghchi said Iran had not decided to resume talks with the US, and that Washington must meet conditions on the strait in order for shipping to resume in the waterway.APAC stocks began the week mixed, albeit with a mostly positive bias, following a quiet weekend of macro newsflow and amid geopolitical uncertainty as the 60-day US-Iran ceasefire is set to expire.Crude futures were indecisive as participants continue to await a Strait of Hormuz deal and after shipping through the key waterway slowed over the weekend.DXY marginally softened in the absence of fresh macro catalysts from the US over the weekend; 10yr UST futures were range-bound.European equity futures indicate a marginally higher cash market open with Euro Stoxx 50 futures up 0.3% after the cash market closed with losses of 0.1% on Friday.Looking ahead, highlights include Chinese Activity Data [revised release time] (Jul), Canadian Inflation (Jul), and comments from ECB's Lane.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk