Good morning and welcome to Markets Desk.
European equities are pointing higher at the open, tracking a broad Asian rally after Japan's Nikkei two twenty five crossed sixty five thousand for the first time ever — a historic threshold driven by continued yen weakness, foreign inflows, and optimism around easing geopolitical tension as U.S.-Iran nuclear talks press forward.
Speaking of those talks, there's real friction inside the Republican party over the direction of negotiations. Hardline hawks are warning the president is conceding too much ground, demanding nothing short of Tehran's complete capitulation on its nuclear program. That internal pressure complicates any deal and introduces headline risk that could move energy markets quickly if talks stall or collapse.
Meanwhile, Brussels is quietly rewriting the rules of its own economic model. European Union state aid has expanded significantly as member governments race to compete with Chinese industrial subsidies. The tension is real — targeted support may help strategic sectors, but economists warn it risks fracturing the single market by giving larger economies a structural spending advantage over smaller ones.
That's the tape. Markets Desk, signing off the floor.
