US Market Open: US equity futures weaker in quiet trade ahead of PCE and NVIDIA earnings

Iran's Deputy Foreign Minister Gharibabadi details a temporary arrangement between Iran and Oman concerning the Strait of Hormuz while asserting that reopening of the waterway hinges on the realisation of Tehran's demands, according to Press TV.European bourses are mildly firmer; Intuit -11% after disappointing guidance.USD firms against most G10s, particularly vs. high beta, though AUD and JPY lead after data.Fixed benchmarks are mixed with USTs off by a couple of ticks, whilst Bunds and Gilts move higher.Crude futures continue to soften amid positive, unconfirmed US-Iran reports.Looking ahead, highlights include US Durable Goods (Jul), PCE (Jul), GDP 2nd Estimate (Q2), Atlanta Fed GDP (Q3). Supply from the US. Earnings from NVIDIA, Salesforce & CrowdStrike.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk