European markets are expected to start on a flat note.
The Euro was mixed against its major counterparts. In Europe, euro-zone consumer confidence was confirmed at -9.3 in March vs -12.7 the month before. German CPI index was up by 0.3% in March after a 0.5% increase in February. Economists anticipated a 0.4% gain.
Gold was about flat to $1292.7. The precious metal was below its 20D MA (@ $1337) and below its 50D MA (@ $1307).
Copper Future (MAY 14) on Comex was up 4.2c to 303.5c/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 1350 tons to 267200 tons.
Conference: hreskonferenz Pharma Packaging
Today's Economic Events
GE : FEB Retail Sales (MoM): -0.5%
UK 09:30: FEB M4 Money Supply (MoM): NA
US 14:45: MAR Chicago Purchasing Manager Index: 58.5