(Kitco News) - Gold (0.41%) and silver (1.06%) have moved higher overnight leading into the European open. In the rest of the commodities complex, copper is trading flat, and spot WTI (2.14%) is trading in positive territory.
Stock markets were lackluster overnight. The Nikkei 225 (-0.04%), ASX (-0.25%) and Shanghai Composite (0.06%). Futures markets in Europe are pointing towards a positive cash open.
In FX markets, the biggest mover overnight was EUR/USD which moved 0.31% higher. In the crypto space, BTC/USD is -0.14% lower near the $20k psychological mark.
News from overnight:
Japan financial minister Suzuki says will take action on FX if necessary.
Fed's Bostic says the Bank must slow down the economy.
There has been an assassination attempt on Argentina Vice President Cristina Fernandez de Kirchner.
China's SAFE (FX regulator) says cross-border capital flows are generally stable.
PBoC says balanced consumer prices are favorable for monetary policy adjustments.
South Korea's central bank forecasts inflation staying at 5 to 6% for some time.
Germany's July trade balance €5.4 billion vs €4.8 billion expected.
NZ Q2 Terms of trade index -2.4% q/q (expected -1.3%).
China's Chengdu and its 21 million population enter lockdown.
Looking ahead to the rest of the session highlights include EZ producer prices, U.S. factory orders, and Non-Farm payrolls.
