US Market Open: NQ outperforms into CPI after strong SMCI, CRWV results

Pakistan's Foreign Ministry said it continues to activate direct and indirect diplomatic channels between the US and Iran and that they are working to bring both sides to the negotiating table in Islamabad.US equity futures gain, with outperformance in NQ futures following stellar SMCI and CRWV earnings.DXY muted; low-yielding funders modestly weaker as JPY shorts are relocated.Fixed income benchmarks slightly firmer on light volume ahead of the key US CPI report.Crude choppy amid a lack of tangible US-Iran updates.Looking ahead, highlights include US CPI (Jul), OPEC MOMR, and supply from the US.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk