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European Morning Brief Wednesday 05 August 2026

The Trade Academy Team

Aug 5

1 min read

H2 Begins — Futures Slide as Iran Deal Strains Again — Micron at ATH $1,145 Ahead of Wednesday — PCE Thursday Is the Week's Defining Print
Wall Street returns today after Juneteenth, stepping into a new macro chapter — but not without fresh complications. CNBC headlines "deja vu" as the Iran deal shows renewed strain in implementation, with Qatar and Pakistan announcing a 60-day roadmap for full US-Iran deal execution. Futures are sliding. Brent is cautiously drifting lower. — Oil keeps falling, gold keeps climbing — and Tokyo jumps 3.6%

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