U.S. Futures Drop as Trump Issues Iran Military Deadline, Oil Prices Jump 
Strait of Hormuz Crisis Fuels Oil Surge as Asian Markets Brace for Impact 
Sterling Slides as Dollar Holds Firm Amid U.S.-Iran Tensions 
Oil Crisis Escalates: Trump Threatens Iran as Strait of Hormuz Closure Pushes Prices Above $110 
Gold Prices Slip in Asia as Iran Strait Deadline Looms 
U.S. Futures Slip as Iran Rejects Ceasefire and Trump Deadline Looms 
Asian Markets Rally on Iran Ceasefire Hopes as US-Iran Tensions Simmer 
Lots of economic dockets scheduled for today but all with low to medium risks associated.
Data released so far:
- New Zealand: ANZ commodity prices grew 5.1 percent in September.
- Japan: Markit services PMI declined to 48.2 in September.
- Australia: Retail sales grew 0.4 percent in August.
Upcoming:
- Spain: Markit services PMI for September will be released at 7:15 GMT.
- Italy: Markit services PMI for September will be released at 7:45 GMT.
- France: Services and composite PMI will be reported at 7:50 GMT.
- Germany: Services and composite PMI due at 7:55 GMT.
- Eurozone: Services and composite PMI due at 8:00 GMT, followed by retail sales for August at 9:00 GMT.
- United States: MBA mortgage application will be reported at 11:00 GMT, followed by ADP employment report at 12:15 GMT and trade balance at 12:30 GMT. Markit services PMI report will be published at 13:45 GMT, followed by ISM-non-manufacturing PMI report at 14:00 GMT. EIA will release weekly oil inventory report at 14:30 GMT.
- Auction: US will auction 5-year note at 17:00 GMT.
