Mainland Chinese equities were weaker again overnight, but Hong Kong shares managed to claw out a minimal gain. European equity markets were weaker off rising yields in Italy and Spain and a lack of constructive dialogue ahead of the coming EU summit. The markets also saw more evidence of slowing in the Euro zone, from a sharp decline in Italian retail sales from the prior month. The US scheduled report slate has a series of private chain store sales reports, the Case-Shiller Home price survey, a Richmond Fed business Activity index and a Consumer Confidence report. Expectations call for a decline in the 20-City Case-Shiller Home price index and a minor decline in US Consumer Confidence.

The platinum market is trading a touch weaker this morning, but prices remain within close-proximity to yesterday's highs. However, platinum has recently been held back by slackening derivative investment interest and that suggests platinum futures prices have remained the primary investment vehicle of choice for platinum related investments. Like silver, platinum did show a noted jump in volume and open interest yesterday, with the biggest volume day since last September. This jump in volume took place on an up day in prices. Therefore, the bull camp has a minimal technical edge but unless prices manage to rally off weak US data this morning, the platinum trade today is likely to be two sided today.