investingLive European news wrap: US-Iran talks keep markets tentatively optimistic

Headlines: Zcash remains supported by idiosyncratic catalysts, but macro headwinds limit further gains. What's next? Euro area economic sentiment slips in September as inflation expectations rise Silver remains at risk of further downside as US-Iran talks take centre stage AUD/USD risks bigger breakdown below 0.7000 as RBA rate hike fails to lift aussie Ethereum is coiling for a breakout amid US-Iran tensions: Where will it go? European stock market open: Stocks edge higher but surging yields keep pressure on the risk mood Gold selloff pauses as US-Iran talks revive deal hopes. What to watch next? Spain inflation climbs to near 5%, the highest in over three years What are the main events for today? RBA governor Bullock plays down August CPI, shifts focus to rate-hike lag RBA governor Bullock reaffirms that the central bank will raise interest rates again if needed Iran expects US response today on Hormuz proposal as oil prices climb again FX option expiries for 29 September 10am New York cut RBA raises cash rate by 25 bps to 4.60%, highest since 2011 Markets: Gold up 1.00% to $4,154 WTI crude down -0.83% to $91.84 JPY leads, AUD lags on the day 10-year Treasury yields down 1.4 bps to 5.217% S&P 500 futures up 0.1% to 7752.5 Bitcoin up 0.63% to $84,028 The main highlight of the session was the RBA rate decision. The RBA unanimously raised the cash rate by 25 bps to 4.60%, citing the materialisation of some upside risks to inflation and the need for further tightening in financial conditions. However, the statement contained a subtle dovish shift in its forward guidance. The Bank removed its previous reference to inflation returning to the midpoint of the target range in late 2027, instead saying that further tightening is warranted to bring inflation back to target within a “reasonable period.” It also changed its guidance on future hikes from raising rates if upside risks materialise to doing so “if needed,” suggesting a higher hurdle for additional tightening. Gove