EU Ministers Seek to Preserve Iran Deal

European Union (EU) foreign ministers will meet today in Helsinki to try to look at solutions to keep the Iran nuclear deal alive and protect commercial shipping in the Persian Gulf region.

European countries want to save the deal that the US President, Donald Trump, pulled out from in 2018.

On Tuesday, Iran’s President Hassan Rouhani refused Trump’s invitation to meet when he was leaving the G7 meeting in Biarritz. Iran opposes the idea to hold talks with Washington as the US imposed sanctions on Tehran and pulled out of the nuclear agreement.

The nuclear agreement is the only deal that prevents Iran from getting a nuclear weapon.

According to the agenda of the meeting, the EU ministers will also raise concerns about the tension in Hong Kong.

Crude Oil Futures Gained

Crude oil futures rose during the early morning trading session in the Asian market.

Similarly, on the New York Mercantile Exchange, crude oil futures for October delivery went up by 0.16% to trade at $56.62 a barrel.

Barrels were earlier trading in a bullish period as it found support and resistance at $52.96 and $56.89 respectively.

Besides, the US Dollar Future Index, which tracks the performance of the greenback against six other major currencies, rose by 0.03% to trade at $98,488.

Elsewhere on ICE, Brent oil for delivery in November rose by 0.03% and traded at $60.51 a barrel while having a difference of $3.89 per barrel between the value of the contracts on Brent oil and crude oil.

Tokyo Ends Up Higher on Friday

The Tokyo Stock Exchange ended on a high note on Friday as Wall Street favours hopes of positive international trade.

The Nikkei index rose by 1.19% to 20,704.37 points, and the Topix gained 1.46% to 1,511.86 points. A higher score since August 5th.

Among the major Japanese exporters exposed to the Chinese market, TDK and Advantest gained between 2.7% and 4.8% respectively.

Financial Events to watch for today

09:00 GMT
CPI (YoY) (Aug) [EU]