Stocks mixed while crude tumbles to pause in US / Iran strikes - Newsquawk US Market Wrap

REAR VIEW: US pauses strikes on Iran over the weekend, reports point towards concern on shrinking inventory of defenses; Trump says having very deep talks with Iran, if unsuccessful,"we will go back to very powerful military action"; Iran says they have not requested the resumption of talks; Houthis claim responsibility for the drones that targeted Saudi oil infrastructure; Oil tanker blows up in the Strait of Hormuz after hitting a mine on Sunday; US Durable Goods Orders growth misses expectations; Strong US 2yr note auction, weak 5-year auction; SNB reportedly expects zero rates until the end of 2027; China has reportedly started mass production of domestically developed DUV lithography equipment; LVMH earnings & rev beat. COMING UP: Data: Spanish Retail Sales (Jun), US ADP Employment Change Weekly, Goods Trade Balance Advance (Jun), Retail Inventories Ex Autos Advance (Jun), Wholesale Inventories Advance (Jun), Consumer Confidence, Atlanta Fed GDP (Q2). Speakers: RBA's Bullock. Supply: Australia, UK, Italy, Netherlands, US. Earnings: PayPal, Boeing, UPS, Ford, EssilorLuxottica, Kering, Air Liquide, Eni, Mercedes-Benz, Barclays, GSK, Unilever. WEEK IN FOCUS Highlights include: FOMC, BoE, BoJ, US PCE, US GDP, and EZ CPI.…