EU Market Open: Trump and Netanyahu reportedly discussed launching operations against Iran before elections; DXY softer, whilst crude benchmarks gain

• US President Trump said he will make a decision on Iran very soon; Israeli PM Netanyahu and Trump reportedly discussed launching a major new operation against Iran before the US and Israeli elections.
• Iran reportedly stepped up attacks on shipping ahead of the US midterms. Saudi Arabia and the Houthis continued exchanging strikes.
• APAC stocks were mixed as the region clawed back some recent tech-related losses; US equity futures mildly rebounded, European futures briefly dipped on ASML earnings.
• DXY remained softer following yesterday's decline alongside lower US yields; crude futures climbed amid continued Middle East tensions, while spot gold lacked firm direction.
• Looking ahead, highlights include German Wholesale Prices (Sep), Spanish Final Inflation (Sep), US Inflation (Sep), IEA OMR. Speakers include US President Trump, Fed’s Bowman & Barkin, BoE’s Pill & Breeden, BoC’s Macklem, ECB's Lagarde, Zigman, Elderson & Schnabel. Supply from the UK & Germany. Earnings from Bank of America, BlackRock, Morgan Stanley, Progressive & State Street.

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