European markets are expected to start on a negative note.
The Euro was mixed against its major counterparts. In Europe, euro zone construction output was up by 0.9% in December after a 0.2% decline the month before (revised from -0.6%).
The British Pound was firm against its major counterparts. UK unemployment rate increased to 7.2% for the October-December period from 7.1% in the previous period. Economists expected it to be flat. Jobless claims were down by 27.6K in January vs -27.7K the month before. Economists anticipated them to be down by 20K.
Gold was down $10.2 to $1311.8. The precious metal was above its 20D MA (@ $1277) and above its 50D MA (@ $1247).
Copper Future (MAR 14) on Comex was about flat to 327.85c/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 2525 tons to 290625 tons.
Today's Economic Events
FR 07:45: JAN CPI - EU Harmonised (MoM): -0.5%
GE 07:00: JAN Producer Price Index (MoM): 0.2%
EC 15:00: JAN Euro-Zone: Consumer Confidence: -11
US 13:30: W6 Initial Jobless Claims (Thsd): 334
US 13:30: JAN Consumer Price Index (MoM): 0.1%
US 13:30: JAN CPI - Ex Food & Energy (MoM): 0.1%
US 15:00: FEB Philadelphia Fed.: 8
US 15:00: JAN Leading Indicators: 0.4%
US 16:00: W6 Crude Oil Inventories (WoW chg): NA
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