[MARKET ANALYSIS] Muted trade across crude as traders await concrete updates; spot gold continues recovery
Newsquawk StaffPublished On the live feed at — 8 more headlines followed before this page went public
Newsquawk headlinesUTC
"Iranian and American officials have not yet taken a position on a possible agreement...some Pakistani sources claimed that Iran and America have chosen Islamabad to sign the memorandum of understanding," Mehr News reports
[MARKET ANALYSIS] European bourses are modestly firmer; Dell +39% pre-market following stellar results
[MARKET ANALYSIS] Muted trade across crude as traders await concrete updates; spot gold continues recovery
Communications between former UK Minister Wes Streeting (potential PM candidate) and Peter Mandelson will be published next week, The Sun reports
Daily US Equity Opening News - DELL surges after results; ADSK's USD 3.6bln MaintainX deal; APO & BX seek investors for Anthropic financing; TSLA trails in Texas robotaxis; GAP cuts outlook; SPCX targets USD 1.8tln valuation; FLS confirms Starboard talks
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Free. No signup, no card.
- The week was marked by a sharp flare-up followed by renewed optimism around diplomacy. Following yesterday’s Axios reports regarding a 60-day MoU framework, Iran’s Tasnim reported that the text of the possible memorandum of understanding between the US and Iran had not been finalised or confirmed. Uncertainty remains over whether Trump will sign off on the proposal and whether Tehran will formally endorse the reported terms. This morning, there were mixed reports regarding the uranium file, in which Iran rebuffed reports that it wants to transfer the enriched uranium to China with a commitment not to deliver it to the US.
- Elsewhere in geopolitics, a Romanian radio station reported that a drone hit a residential building in Romania's Galati, near the border with Ukraine. NATO Secretary General Rutte affirmed "NATO’s absolute solidarity with Romania", and added that "NATO stands ready to defend every inch of Allied territory"; "will continue to enhance our readiness to deter and defend against any threat".
- The crude complex trades rather tamely this morning but with a mild positive bias following this week’s geopolitical rollercoaster. WTI Jul currently trades towards the upper end of a USD 87.17-89.01/bbl range, while Brent Aug sits in a USD 91.28-92.95/bbl. Dutch TTF trades almost 2% firmer north of EUR 47.50/MWh.
- Spot gold continues the post-PCE rebound seen yesterday, with prices modestly firmer intraday above the USD 4,500/oz level in a USD 4,488-4,516/oz range. Spot silver, conversely, is lower with the precious metal towards the bottom of a USD 75.08-76.44/oz range.
- Base metals are mostly but modestly softer as traders look ahead to further geopolitical headlines, with price action rather contained at the time of writing. 3M LME copper trades towards the middle of a narrow USD 13,653.93- 13,748.38/t range.
Related headlines
- Newsqawk European Market Wrap - 9th September 202652 min ago
- Russian Kremlin spokesperson Peskov says Presidents Putin and Trump did not discuss the possibility of holding a new meeting at APEC, but there is an understanding that such a meeting could take place, Interfax reports2 hours ago
- US EQUITY OPEN: Indices in the red as US/Iran tensions escalate 1 hour ago
- Dow (DOW) reportedly weighs exit from USD 20bln Saudi chemicals venture3 hours ago
- Silver Lake is reportedly to merge Cegid and Silae to form a European Co. selling accounting, HR and enterprise services, FT reports citing sources4 hours ago
- OpenAI is reportedly projecting compute spending of c. USD 750bln through 2030 but still feels "really short" on computing power, NYT reports2 hours ago
- Analog Devices (ADI) and Alif Semiconductor today announced a definitive agreement under which ADI will acquire Alif in an all-cash transaction for USD 1.35bln2 hours ago
- US Quarterly Services Survey (Q2 2026): +3% to USD 6,418.7bln51 min ago
- Alcoa (AA) files to sell USD 2.6bln senior unsecured notes due 2034 and 2036 with the funds to finance the South32 deal2 hours ago
- Pakistan is reportedly considering strikes against Houthi targets in Yemen under the “Makkah Pact” defense framework with Saudi Arabia and Turkey, Kann's Kais reports; strikes may begin in the coming days and will be announced immediately after1 hour ago
- US official says in total, in the past week, the US has attacked and destroyed 10 Iranian oil tankers, i24 news reports2 hours ago
- Arabic sources reported intense clashes between mercenaries affiliated with Saudi Arabia and the UAE, reportedly following successive defeats by Houthi forces on various fronts in Yemen, SNN reports2 hours ago
- There are signs the US is working to devise some means of striking Iran's nuclear sites, CNN reports3 hours ago
- Iran launched a drone at a tanker near Iraq, and at a tanker near the Emirates, reports i24's Stein3 hours ago
- IRGC official warns that further US aggression against Iran could trigger more unprecedented Iranian responses, IRNA reports4 hours ago
- Iran’s Foreign Ministry condemns US attacks on Iranian vessels and says Tehran’s strikes on US military bases and interception of American vessels constitute legitimate self-defence under international law4 hours ago
- Two port officials say a Panama-flagged tanker carrying 2mln barrels of Iraqi fuel oil was hit by a drone in Iraqi territorial waters; tanker is named "New Andros", and no casualties were reported4 hours ago
- The Vienna meeting calls on Iran to engage seriously without conditions in confidence-building talks, Al Jazeera reports citing a US-European draft resolution5 hours ago
- Oil loading have resumed at the CPC terminal after drone attacks on Tuesday, according to the Kazakh Energy Ministry25 min ago
- Saudi Arabia plans to establish a marine war-risk insurance pool for cargo, SPA reports1 hour ago
The whole workspace, free to try.
Try it free