European markets are expected to open on a flat note.
The Euro was firm against its major counterparts. In Europe, CPI in Germany rose by 1.3 percent in January 2014 over the same period in the previous year.
Gold was up $11 to $1302.1. The precious metal was above its 20D MA (@ $1262) and above its 50D MA (@ $1241).
Copper Future (MAR 14) on Comex was about flat to 325.05c/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 1375 tons to 300675 tons.
UK Market News
Vodafone said its India unit has acquired spectrum licences in 11 telecom circles in the Indian government's 900 MHz and 1800 MHZ spectrum auction for appx. £1.9B.
Coca-Cola HBC posted FY13 comparable net income up 3% YoY to E293M (EPS up to E0.81 from E0.78) and comparable EBIT flat at E454M on sales of E6.9B, down 2%. The Co proposed raising dividend to E0.354 per share from E0.340 in the previous year.
Construction & Materials: Hochtief (-1.05% to E60.07) reached a new 3-month relative low against the Dax.
Industrial Goods & Services: MTU Aero Engines (-2.26% to E62.3) closed at a 3-month relative low against the Dax.
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