European markets are expected to start on a negative note.
The Euro was mixed against its major counterparts. Euro-zone PPI index was down by 0.3% in January after a 0.2% increase the month before. Economists anticipated a 0.1% slid.
Gold was down $15.5 to $1335.1. The precious metal was above its 20D MA (@ $1311) and above its 50D MA (@ $1267).
Copper Future (MAY 14) on Comex was up 4c to 321.2c/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 increased 1475 tons to 275200 tons.
UK Market News
Today's Economic Events
EC 10:00: 4Q Euro-Zone: GDP (QoQ): 0.3%
US 15:00: FEB ISM - Non Manufacturing: 53.5
US 15:30: W8 Crude Oil Inventories (WoW chg): 1150