European markets are expected to open on a flat note.
The Euro was firm against its major counterparts. In Europe, EU27 new car registrations were up by 5.5% in January after a 13.3% increase in December. In Germany, ZEW survey index for current situation was up to 50 in February vs 41.2 the month before and 44 expected. The index for expectations fell to 55.7 vs 61.7 in January and 61.5 anticipated by economists.
Gold was down $6.4 to $1322.4. The precious metal was above its 20D MA (@ $1273) and above its 50D MA (@ $1245).
Copper Future (MAR 14) on Comex was up 1.9c to 328.3c/lb. The contract was below its 20D MA (@ 330.62c) and above its 50D MA (@ 326.76c). In Europe, the London Metal Exchange reported its copper inventories decreased 2875 tons to 293150 tons.
UK Market News
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