Pakistani Army Chief Munir conveyed an offer to Iran, from the US, to halt the naval blockade in exchange for opening the Strait, Al Arabiya reports, citing sources. Brent Nov’26 -2.5%.
Pakistan reported "significant progress" was made in high-level diplomatic talks held in Tehran.
European bourses modestly gain, with strength also seen across US peers; NQ +0.6%.
DXY is flat, trading around the 99.00 mark; G10s are mixed.
Fixed income benchmarks are firmer, benefiting from lower energy prices; Bunds were mildly pressured on Ifo.
Looking ahead, highlights include US ADP Employment Change Weekly, House Price Index (Jun), US Richmond Fed Manufacturing Index (Aug). Fed Discount Rate Minutes (Aug)., Supply from the US. Earnings from Intuit.
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