EU Market Open: US President Trump said Iran had asked for a halt to US attacks; European bourses set for a firmer open after the recent tech sell off

• US President Trump said Iran had asked for a halt to US attacks and negotiations are still ongoing. Trump mentioned that he would not use nuclear weapons, but warned that they may have to go to Pickaxe Mountain.
• APAC stocks traded mostly higher, attempting to rebound from the recent tech selloff; European equity futures are set for a positive cash market open.
• DXY is essentially flat, and was largely unreactive to Fed Chair Warsh who avoided any forward guidance; Antipodeans leads, whilst the CHF underperforms.
• Crude benchmarks are in the red as the Middle East situation remains tense; Trump mentioned that Ukrainian President Zelensky is not a good guy to deal with.
• Looking ahead, highlights include EU Final Inflation (Sep), Italian Final Inflation (Sep), US Import/Export Prices (Sep), Industrial Production (Sep), Credit Ratings update from Morningstar DBRS on Italy.

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