European markets are expected to open on a negative note.
The Euro was mixed against its major counterparts. Germany industrial production increased 0.8% in January, as expected, after a 0.1% gain in December (revised from -0.6%).
Gold was down $10.8 to $1340.1. The precious metal was above its 20D MA (@ $1323) and above its 50D MA (@ $1275).
Copper Future (MAY 14) on Comex was down 13.1c to 308.75c/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 3175 tons to 269000 tons.
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Confernce: Retail Banking in Europe