(Kitco News) - Gold (0.53%) and silver (1.36%) both trade higher leading into the European open this morning. Elsewhere in the commodities complex, copper is 0.42% higher but spot WTI has fallen 0.24%.
Risk sentiment was mixed in the Asia Pac area. The Nikkei 225 (0.03%) and Shanghai Composite (1.20%) moved higher but the ASX fell 0.38%. Futures in Europe are indicating a slightly weak cash open.
In FX markets, USD/JPY hit its highest level since 1998. In the crypto space, BTC/USD trades at $19,829.
News from overnight:
RBA raises its cash rate by 50 bps to 2.35%, as expected.
Japan finance minister Suzuki says monitoring FX moves with a sense of urgency.
New UK PM Truss readying a 130bn GBP plan to freeze energy bills.
Germany July industrial orders -1.1% vs -0.5% m/m expected.
Australian Net exports to contribute 1% to Q2 GDP (0.9% expected).
Japan July Household spending -1.4% m/m.
U.K. BRC August Like-for-like retail sales +0.5% y/y (prior 1.6%).
Looking ahead to the rest of the session highlights include U.K. & EZ construction PMI and U.S. ISM services PMI.
