European markets are expected to open on a flat note.
The Euro fell against its major counterparts. German PPI was flat in February after a 0.1% slid in January. Economists expected the index to be up by 0.1%.
Gold was down $2.6 to $1327.1. The precious metal was below its 20D MA (@ $1345) and above its 50D MA (@ $1299).
Copper Future (MAY 14) on Comex was down 5.3c to 293.35c/lb. The contract was below its 20D MA (@ 330.62c) and below its 50D MA (@ 326.76c). The 14d RSI below 30 (29.62) indicates Copper Future (MAY 14) contract was oversold. In Europe, the London Metal Exchange reported its copper inventories decreased 1875 tons to 267850 tons.
Deutsche Euroshop reported FY profit of E173M vs E122.5M a year ago and NAV up 7% YoY to E1.65B.
Today's Economic Events
EC 09:00: JAN Euro-Zone: Current Account (Bln) (MoM): NA
UK 09:30: FEB Public Sector Net Borrowing (Bln): 7.85
UK 09:30: FEB Public Finances (PSNCR) (Bln): NA
EC 15:00: FEB Euro-Zone: Consumer Confidence: -12.3