US Market Open: Positive risk tone as Trump comments outweigh tit-for-tat strikes

US struck around 90 Iranian military targets. In return, the IRGC said it attacked two US bases in Bahrain and two in Kuwait.CNN reported that US President Trump is losing patience with the pace of negotiations, particularly on nuclear.Crude benchmarks were firmer overnight, but moved lower as the European morning progressed as markets reacted to Trump’s remarks that Iran wanted to make a deal. Brent Sep’26 now off lows, and now flat.European bourses are firmer, with US equity futures also following suit; NQ +0.6%.G10s are mostly firmer against the slightly lower USD; Kiwi outperforms.Looking ahead, highlights include US Initial Jobless Claims (Jul/04), Existing Home Sales (Jun), ECB Minutes (Jun), Banxico Minutes (Jun), Speakers include Fed's Williams, Logan, BoE's Breeden, Supply from the US and Earnings from PepsiCo.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk