EPISODE · Aug 24, 2026 · 2 MIN
US Market Open: Tentative trade ahead of Bessent speech; NQ underperforms, USD and USTs firmer
from Newsquawk Rundown, Daily Podcast · host Newsquawk
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.”Crude is subdued amid a lack of major weekend escalations, eyes on Bessent’s presser, who is set to unveil Iran sanctions.European bourses trade tentatively; US equity futures are indicative of a weaker open, with underperformance in the NQ.DXY is firmer, holding around the 99.00 mark; CAD underperforms as trade talks with the US collapsed on Friday.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
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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.”Crude is subdued amid a lack of major weekend escalations, eyes on Bessent’s presser, who is set to unveil Iran...
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US Market Open: Tentative trade ahead of Bessent speech; NQ underperforms, USD and USTs firmer
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