Gold and silver are mixed heading into the European open
London (Feb 2) Gold (-0.15%) and silver (0.14%) are trading mixed ahead of the Europen open this morning. The yellow metal is still hovering just below $1800/oz. Elsewhere in the commodities complex, copper and spot WTI are around 0.12% higher.
Risk sentiment has been helped by Fed members talking down the extend of any potential rate hike. The Nikkei 225 (1.68%) and ASX (1.17%) both followed the lead on Wall St. to close higher. Futures in Europe are pointing towards a positive open.
In FX markets, there was not too much movement overnight. The dollar index is 0.05% lower heading into the EU session. In the crypto space, BTC/USD fell 1% overnight to trade at $38,317.
News from overnight:
RBA's Lowe said, "We're prepared to be patient, don't need to move in lockstep with others".
The U.S. House will hold a procedural vote on the China competition bill today, according to sources.
Europe will outline a more aggressive approach to combat China's dominance in the green technology space.
China reports 63 new covid cases vs 66 a day earlier.
Alphabet’s fourth-quarter sales and profit topped analysts’ projections.
BOJ's Kuroda: Cannot accept the view that BOJ has led to the deteriorating of regional banks.
New Zealand Q4 unemployment rate 3.2% vs 3.4% expected.
U.K. December BRC shop price index y/y +1.5% vs +0.8% prior.
Looking ahead to the rest of the session highlights include EZ CPI, Australian services PMI, comments from BoC's Macklem and Gravelle.
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