European markets are expected to open on a positive note.
The Euro was under pressure against its major counterparts. In Europe, euro-zone M3 money supply was up 1.3% YoY in February, as expected, after a 1.2% advance in January. French consumer confidence index increased to 88 in March vs 85 the month before. Economists anticipated the index to be flat.
Gold was down $12.1 to $1292.4. The precious metal was below its 20D MA (@ $1339) and below its 50D MA (@ $1306).
Copper Future (MAY 14) on Comex was up 2.8c to 299.35c/lb. The contract was below its 20D MA (@ 307.74c) and below its 50D MA (@ 319.17c). In Europe, the London Metal Exchange reported its copper inventories decreased 1200 tons to 268550 tons.
Today's Economic Events
UK 09:30: 4Q GDP (QoQ): 0.7%
FR 07:45: FEB Producer Price Index (MoM): NA
UK 09:30: 4Q Current Account (Bln): -14
EC 10:00: MAR Euro-zone: Industrial Confidence: -3.5
EC 10:00: MAR Business Climate Indicator: 0.38
EC 10:00: MAR Euro-Zone: Economic Confidence: 101.4
EC 10:00: MAR Euro-Zone: Consumer Confidence: NA
GE 13:00: FEB Consumer Price Index (MoM): 0.4%
GE 13:00: FEB CPI - EU Harmonised (MoM): 0.4%
US 12:30: FEB Personal Income: 0.3%
US 12:30: FEB Personal Spending: 0.3%
US 13:55: MAR U. of Michigan Confidence: 80.5