(Kitco News) - Both gold (0.32%) and silver (0.59%) are trading higher leading into the European cash open. Elsewhere in the commodities complex, copper (1.99%) and spot WTI (2.10%) are trading well as sentiment in commodities picked up in general.
Risk sentiment was good overall overnight. The ASX (0.26%) and Shanghai Composite (0.80%) performed well but the Nikkei 225 fell 0.24%. Futures in Europe are projecting a negative cash open.
FX markets were slightly quiet. The biggest mover overnight was USD/CAD which fell 0.13%. In the crypto space, BTC/USD is trading at $21,078.
News from overnight:
Japan raises its overall view on the economy for the first time in three months.
RBNZ governor says the central bank is reviewing recent monetary policy conduct.
Coinbase is facing a probe by the US SEC over crypto listings.
Amazon Prime to ramp its price higher in Europe and the UK. Up to 43% price hikes.
European crypto "exchange" Bitstamp has obtained approval to operate in Italy.
ECB's Visco says the Bank will raise rates in a gradual way.
South Korean Q2 GDP +0.7% q/q, beating estimate of +0.4%.
Looking ahead to the rest of the session highlights include U.S. consumer confidence, monthly home prices, Richmond Fed, the IMF short term forecasts, the EU energy summit and earnings continue.
