European markets are expected to start on a negative note.
Gold was up $11.2 to $1268.1. The precious metal was above its 20D MA (@ $1246) and above its 50D MA (@ $1234).
Copper Future (MAR 14) on Comex was down 1.2c to 324.1c/lb. The contract was below its 20D MA (@ 330.62c) and below its 50D MA (@ 326.76c). In Europe, the London Metal Exchange reported its copper inventories decreased 3775 tons to 318800 tons.
UK Market News
Infineon Technologies said 1Q net income of E87M vs E19M in the previous year on revenue of E984M, up 16%. The Co said: "2Q revenue is forecast to rise by a mid single digit percentage, (...) For the 2014 fiscal year, based on an assumed exchange rate of the US dollar against the euro of 1.35, Infineon continues to forecast an increase in revenue of between 7% and 11% compared to the previous year."
QIAGEN posted 4Q adjusted net income up 6% YoY to $88M (EPS up to $0.36 from $0.34) on adjusted net sales of $363M, up 5% (+5% at constant exchange rates). FY13 adjusted net income rose 6% to $275M (EPS up to $1.14 from $1.08). On the outlook for 2014 the Co said: "For the full year, adjusted net sales are expected to rise approximately 4-5% CER, (...) Adjusted diluted earnings per share (EPS) are expected to rise to approximately $1.07-1.09 CER for full-year 2014 compared to $1.02 per share in 2013 (...) For 1Q2014, adjusted net sales are expected to rise about 4-5% CER, and for $0.21-0.22 per share of adjusted diluted EPS compared to $0.20 per share in the year-ago quarter."
Deutsche Lufthansa will start flying Airbus A380 superjumbo jets on routes to India later this year, according to the Co's CEO interviewed by Reuters.
Construction & Materials: Hochtief (-1.88% to E59.44) reached a new 3-month relative low against the Dax.
Financial Services: Deutsche Boerse (-1.27% to E56.64) closed at a 3-month relative low against the Dax.
Health Care: Merck KGaA (-1.68% to E116.7) reached a new 3-month relative low against the Dax.
Personal & Household Goods: Adidas (-1.16% to E84.6) reached a new 3-month relative low against the Dax.
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