European markets are expected to start on a negative note.
The British Pound was mixed against its major counterparts. UK retail sales were down by 1.5% in January after a 2.5% increase the month before. Economists expected them to slid 1%.
Gold was about flat to $1324. The precious metal was above its 20D MA (@ $1283) and above its 50D MA (@ $1250).
Copper Future (MAY 14) on Comex was about flat to 325.6c/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 4250 tons to 285350 tons.
UK Market News
RSA Insurance Group said it is considering measures, including a rights issue, to strengthen its balance sheet.
Hiscox Ltd reported FY13 results: "Profit before tax of £244.5M (2012: £217.5M) (...) the Board proposes to pay a special distribution of 36p per ordinary share. Such amounts will be paid by way of a C/D share scheme. (...) In addition, a sum of 14.0p per share will be paid instead of a final dividend (...) together with the interim dividend of 7.0p per share, represents a total dividend for 2013 equal to 21.0p per share (2012: 18.0p)."
HSBC Kingspan: FY results expected.
Conference: 7th Forum e -Discovery D-A-CH; REMIT and Markttransparenzstelle - Regulatorisches Reporting in Prozessen and IT
Today's Economic Events
GE 09:00: FEB IFO - Business Climate: NA
GE 09:00: FEB IFO - Current Assessment: NA
GE 09:00: FEB IFO - Expectations: NA
EC 10:00: FEB Euro-Zone: CPI (MoM): NA
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