Crude extending ahead of OPEC+ and another round of nuclear talks next week; DXY steady going into US PPI – Newsquawk US Market Open

PBoC announced it will cut the FX Risk Reserve Ratio for forward FX sales to 0% from 20%, effective March 2nd to promote FX market development and support corporate exchange rate risk management. European equities firmer, Telecoms lead following potential M&A; US equity futures lower in the continuation of Thursday’s tech-led selloff. DXY is flat; G10s broadly firmer, ex-EUR and GBP. USTs mildly firmer, Bunds choppy after mixed regional inflation prints. Crude gains and awaits the next chapter of the US-Iran saga and the OPEC+ meeting; Metals shine ahead of US PPI. Looking ahead, highlights include German CPI (Feb), Canadian…