(Kitco News) – Gold (0.19%) and silver (0.11%) are trading higher ahead of the European open. In the rest of the commodities complex, copper is 0.31% lower and spot WTI is 0.15% in the red.
Indices traded lower overnight as the Nikkei 225 (-0.74%) and ASX (0.64%) both fell but the Shanghai Composite closed flat. Futures in Europe are flat ahead of the cash open.
In FX markets, the biggest mover was AUD/USD which rose 0.63%. In the crypto space, BTC/USD fell below $20k.
News from the weekend:
Fed’s Waller backs another 75 bps in an ‘all-in’ fight to lower inflation.
Japanese government keeps the overall economic assessment unchanged in June.
PBOC leaves the one-year loan prime rate unchanged at 3.70%, as expected.
Macau reports 34 positive covid cases.
French President Macron failed to win a majority in parliament.
New Zealand May Business NZ PSI 55.2 vs 49.2 prior
Germany May PPI +1.6% vs +1.5% m/m expected.
UK June Rightmove house price index +9.7% y/y vs +10.2% prior.
Looking ahead to the rest of the session the U.S. are closed for a public holiday and there is not too much on the data slate. There could be comments from ECB’s Lagarde, Panetta, Lane Kazaks, Fed’s Bullard, and BoE’s Mann.
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