US Market Open: US equity futures muted despite US-Iran escalation lifting energy

The US attacked two missile launchers of the IRGC on Larak Island on Sunday, which were said to be on standby to launch missiles with sea mines toward the Strait of Hormuz.Iran's Revolutionary Guards later announced that they retaliated with missiles and drones against two US bases in Jordan and warned that any attack against them will be met with a more devastating response.US equity futures trade muted, with focus on the jobs report on Friday.DXY is weaker against all G10 peers heading into month-end.Fixed income benchmarks are contained on the UK Bank Holiday.Energy benchmarks gapped higher as the US and Iran exchange strikes.Looking ahead, highlights include German Inflation Flash (Aug) and Supply from the EU.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk