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(Wallace Refiners) – Moving into the European open, gold is trading 0.18% lower and silver is currently flat. In the rest of the commodities complex, copper (-0.92%) and spot WTI (1.53%) were weak too.
Indices were mixed in the Asia Pac area as the Nikkei 225 (-0.61%) and Shanghai Composite (-2.73%) fell but the ASX rose 0.10%. Futures in Europe are indicating a negative cash open.
In FX markets, the dollar index pushed 0.19% higher but the biggest mover was USD/JPY (0.84%). In the crypto space, BTC/USD is 0.31% higher trading at $42,295.
News from the weekend and overnight:
Macron and Le Pen set for French presidency battle on 24 April election runoff.
Cleveland Federal Reserve branch president Loretta Mester said rate hikes will cool demand.
Shanghai reports a record high new case count above 26,000.
Putin is said to have given himself four weeks to achieve victory in Ukraine.
German labor minister says growth could fall to 1.5%.
BoJ official confirms the BOJ will maintain its loose monetary policy.
Chinese Building firm Zhenro has missed a bond coupon payment and warns it may miss more.
U.K. February monthly GDP +0.1% vs +0.3% m/m expected.
China March CPI 1.5% y/y (expected 1.2%) & PPI 8.3% y/y (expected 7.9%).
New Zealand (March) retail sales -1.3% m/m (prior -7.8%).
Looking ahead to the rest of the session highlights include comments from Fed’s Evans, Mester and Bostic.
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