US-Iran mediation efforts to continue, though US sources suggest the chance of a deal is limited; USD gains - Newsquawk US Market Open

  • US Envoy Witkoff said mediators will continue their work, and he hopes talks will be constructive and promising.
  • However, US sources told Al Hadath that the chance of a deal is limited and major disputes and obstacles remain.
  • US equity futures give back earlier gains as focus turns to the Trump-Xi meeting.
  • DXY bids higher despite lower energy prices; EUR little moved following broadly stronger PMI metrics.
  • Fixed income benchmarks trade rangebound, as energy lacks a clear

Korea’s Semiconductor Breakout Has An Expiration Date

Retail sold KRW 18tn. Foreign semiconductor ownership is more than 2 standard deviations below normal. KOSPI is back above 7,000. The next buyer could drive the breakout. The problem? The corporate bid may be gone by mid-October.

The State Of Democracy

After eight consecutive years of declining scores, the 2025 EIU Democracy Index showed a stabilization of democracy around the world...


Zerohedge store image

Crude benchmarks edge lower as hopes of US-Iran diplomacy rise; European equities set to open slightly firmer - Newsquawk EU Market Open

  • US President Trump said he thinks a settlement will be reached with Iran, and noted that some US-Iran communication has taken place even today and that the relationship with Iran is developing.
  • US President Trump said envoys Witkoff and Kushner met with Iran mediators and that there were lots of good thoughts. Trump later commented that he thinks Iran will do something good.
  • Trump also warned that they may have to blow up Pickaxe Mountain and that they will attack if they see activity.