European markets are expected to start on a flat note.
Gold was about flat to $1244.2. The precious metal was below its 20D MA (@ $1247) and above its 50D MA (@ $1234).
Copper Future (MAR 14) on Comex was down 3.2c to 319.4c/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 1675 tons to 314525 tons.
UK Market News
Commerzbank is negotiating the sale of a E4B portfolio of Spanish property loans to private equity firms Apollo and Cerberus, according to German weekly magazine WirtschaftsWoche.
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