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Newsquawk Staff · 7 Sept 2026, 23:50 UTC

What our morning note said

EU Market Open, 7 Sept, 05:46 UTC · what it led with

US launched strikes against three Iranian crude oil tankers on Saturday, which destroyed one. A move in retaliation for the IRGC targeting US Navy warships with ballistic missiles. Iran’s navy also targeted three oil tankers that were travelling through unauthorised routes in the Strait of Hormuz.
Holiday: Labor Day in the US and Canada.

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Metals headlines from our feed, and what the market did next.

Fed's Williams (voter) sees no need for rate hike in 2027 at this time; still believe disinflationary forces are at play.
Spot gold+0.2%
US President Trump in a Truth Social post says having productive discussions with Iran, will not be attacking Iran at any time before the midterms.
Spot gold+0.5%
Fed's Williams (voter) says sees no need for urgency after Sept rate hike.
Spot gold+0.6%

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