EVENTS & FINANCIAL NEWS 30-04-2014

Market Comment

US indices gained on Tuesday, helped by shares in the Insurance, Banks and Consumer Services sectors. The S&P 500 (1878.33) remains above its 20d moving average (1863.3 - positive slope) and its 50d moving average (1859.9 - positive slope).

European markets are expected to start on a negative note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Tuesday. On the US economic data front, the Conference Board's consumer confidence index fell to 82.3 (83.2 expected) in April from 83.9 the previous month.

The Euro was under pressure against its major counterparts. In Europe, euro-zone M3 money supply was up 1.1% YoY in March after a 1.3% advance in February. Economists anticipated a 1.4% increase. Euro-zone consumer confidence was -8.6 in April in final estimation vs -8.7 in first reading. It was -9.3 the month before. French consumer confidence index decreased to 85 in April vs 88 the month before. Economists anticipated the index to be flat. German consumer prices were down by 0.2% in April after a 0.3% increase the month before. Consensus anticipated a 0.1% decline. German GfK advanced consumer confidence indicator was flat at 8.5 for May, as expected.

Commodities

After the close of Wall Street, WTI Crude Future (JUN 14) was about flat to $101.02. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09).

Gold was about flat to $1296.4. The precious metal was below its 20D MA (@ $1300) and below its 50D MA (@ $1319).

Copper Future (JUL 14) on Comex was down 1.8c to 307.5c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 1925 tons to 235075 tons.

European Markets

ECB: Publication of the Euro area Bank Lending Survey (10am CET); Publication of the Euro area economic and financial developments by institutional sector (10am CET)

Today's Economic Events

GE 07:00: MAR Retail Sales (MoM): -0.7%
FR 07:45: MAR Producer Price Index (MoM): NA
GE 08:55: APR Unemployment Change (Thsd): -10
GE 08:55: APR Unemployment Rate: 6.7%
US 13:30: 4Q GDP (QoQ): 1.2%
US 13:30: 4Q GDP Price (QoQ): 1.6%
US 13:30: 4Q Personal Consumption: 1.9%
US 14:45: APR Chicago Purchasing Manager Index: 57
US 15:30: W16 Crude Oil Inventories (WoW chg): 1100
US 19:00: Fed: Rates decision: 0.25%

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EVENTS & FINANCIAL NEWS 29-04-2014

Market Comment

US indices were mixed on Monday. Shares in the Technology Hardware & Equipment, Household & Personal Products and Telecommunication Services sectors traded higher while shares in the Banks, Consumer Services and Semiconductors & Semiconductor Equipment sectors were under pressure. The S&P 500 (1869.43) remains above its 20d moving average (18623 - positive slope) and its 50d moving average (1859.1 - positive slope).

European markets are expected to start on a positive note.

Foreign Exchange

US Dollar was under pressure against most of its major counterparts on Monday. On the US economic data front, pending home sales rose 3.4% MoM (+1.0% expected) in March after an upwardly revised 0.5% decline the previous month. Dallas Fed manufacturing activity index jumped to 11.7 (6.0 expected) in April from 4.9 the prior month.

The Euro was firm against its major counterparts. In Europe, German import price index fell by 0.6% in March after a 0.1% decline in February. Economists anticipated a 0.1% decrease.

Commodities

After the close of Wall Street, WTI Crude Future (JUN 14) was about flat to $100.95. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09).

Gold was down $7.2 to $1296.1. The precious metal was below its 20D MA (@ $1299) and below its 50D MA (@ $1319).

Copper Future (JUL 14) on Comex was about flat to 309.2c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 1950 tons to 237000 tons.

European Markets

ECB: Publication of the Monetary developments in the euro area (10am CET); Publication of the Consolidated Financial Statement of the Eurosystem (3pm CET)

Today's Economic Events

UK 09:30: 4Q GDP (QoQ): NA
EC 09:00: MAR Euro-zone: M3 (3 mth ave.): NA
EC 10:00: APR Euro-zone: Industrial Confidence: NA
EC 10:00: APR Business Climate Indicator: NA
EC 10:00: APR Euro-Zone: Economic Confidence: NA
EC 10:00: APR Euro-Zone: Consumer Confidence: NA
GE 13:00: MAR Consumer Price Index (MoM): NA
GE 13:00: MAR CPI - EU Harmonised (MoM): NA
US 15:00: APR Consumer Confidence: 83.15

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EVENTS & FINANCIAL NEWS 28-04-2014

Market Comment

US indices declined pressured by shares in the Semiconductors & Semiconductor Equipment, Retailing and Automobiles & Components sectors. The S&P 500 (1863.4) remains above its 20d moving average (1862.4 - positive slope) and its 50d moving average (1858.4 - positive slope).

European markets are expected to start on a negative note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Friday. On the US economic data front, the Markit US Services PMI index fell to 54.2 (55.5 expected) in April from 55.3 the previous month. The Thomson Reuters/University of Michigan final index of sentiment rose to 84.1 (83.0 expected) in April from 80 the prior month.

The British Pound was mixed against its major counterparts. UK retail sales were up 0.1% in March after a 1.3% increase in February (revised from +1.7%). Economists anticipated a 0.4% decline.

Commodities

After the close of Wall Street, WTI Crude Future (JUN 14) was down $1.3 to $100.65. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09).

Gold was up $9.7 to $1303. The precious metal was above its 20D MA (@ $1299) and below its 50D MA (@ $1320).

Copper Future (JUL 14) on Comex was about flat to 308.95c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 1000 tons to 238950 tons.

European Markets

ECB: Participation by the President in a discussion at the first joint conference of the coalition party groups of the German government (Erste gemeinsame Klausurtagung der Regierungskoalitionsfraktionen im Deutschen Bundestag) in Bonn, Germany. (4:30pm CET)

Conference: 6th International Conference SCR Selective Catalytic Reduction; 6th International Conference Advanced Automotive Diagnostic Systems

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EVENTS & FINANCIAL NEWS 25-04-2014

Market Comment

US indices rose on Thursday helped by shares in the Technology Hardware & Equipment, Retailing and Household & Personal Products sectors. The S&P 500 (1878.61) remains above its 20d moving average (1861.7 - positive slope) and its 50d moving average (1857.5- positive slope).

European markets are expected to open on a flat note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Thursday. On the US economic data front, durable good orders jumped 2.6% MoM (+2.0% expected) in March after a downwardly revised 2.1% gain the previous month. Initial jobless claims rose to 329K (315K expected and 305K prior) in the week ended April 19th.

The Euro was mixed against its major counterparts. In Europe, Ifo said its Business Climate Index for Germany rose to a seasonally adjusted 111.2 in April, up from a reading of 110.7 in March.

Commodities

After the close of Wall Street, WTI Crude Future (JUN 14) was about flat to $101.94. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09).

Gold was up $8.9 to $1292.8. The precious metal was below its 20D MA (@ $1298) and below its 50D MA (@ $1320).

Copper Future (JUL 14) on Comex was up 4.7c to 308.65c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 1025 tons to 239950 tons.

European Markets

ECB: Presentation by Danièle Nouy at Session 3 "Supervision" at the conference "De Nederlandsche Bank 200 years: central banking in the next two decades" organised by De Nederlandsche Bank in Amsterdam, Netherlands. (1030am CET)

.

Today's Economic Events

UK 09:30: MAR Retail Sales (MoM): -0.5%
US 14:55: APR U. of Michigan Confidence: 83

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EVENTS & FINANCIAL NEWS 24-04-2014

Market Comment

US indices declined on Wednesday pressured by shares in the Telecommunication Services, Software & Services and Retailing sectors. The S&P 500 (1875.39) remains above its 20d moving average (1860.4 - positive slope) and its 50d moving average (1856.3 - positive slope).

European markets are expected to start on a flat note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Wednesday. On the US economic data front, MBA Mortgage Applications for the week ended April 18th fell 3.3%. Markit US Manufacturing PMI slid to 55.4 (56.0 expected) in April from 55.5 the previous month. Finally, new home sales dropped 14.5% MoM (+2.3% expected) in March.

The Euro was mixed against its major counterparts. In Europe, euro zone PMI manufacturing index rose to 53.3 in April in preliminary estimation vs 53 in March. Economists anticipated to be unchanged. euro zone PMI services index was up to 53.1 vs 52.2 the month before and 52.5 expected by the consensus. German PMI manufacturing was up to 54.2 in April vs 53.7 in March and 53.8 expected. German PMI services was 55 in April vs 53 in March and 53.3 anticipated.

Commodities

After the close of Wall Street, WTI Crude Future (JUN 14) was about flat to $101.48. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09). The US Department of Energy reported that, for the week ended 18 April, crude oil inventories increased 3524k barrels compared to the previous week.

Gold was about flat to $1284.7. The precious metal was below its 20D MA (@ $1298) and below its 50D MA (@ $1320).

Copper Future (JUL 14) on Comex was about flat to 303.95c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 950 tons to 240975 tons.

European Markets

ECB: Keynote speech by the President at the conference "De Nederlandsche Bank 200 years: central banking in the next two decades" organised by De Nederlandsche Bank in Amsterdam, Netherlands. (11am CET)

Today's Economic Events

GE : MAR Import Prices (MoM): -0.1%
FR 07:45: APR Business Confidence Indicator: 100
FR 07:45: APR Production Outlook Indicator: NA
GE 09:00: APR IFO - Business Climate: 110.4
GE 09:00: APR IFO - Current Assessment: 115.6
GE 09:00: APR IFO - Expectations: 105.8
US 13:30: W15 Initial Jobless Claims (Thsd): 313
US 13:30: MAR Durable Goods Orders: 2%
US 13:30: MAR Durable Goods Ex Transportation: 0.6%

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EVENTS & FINANCIAL NEWS 23-04-2014

Market Comment

US indices gained on Tuesday helped by shares in the Pharmaceuticals, Biotechnology & Life Sciences, Automobiles & Components and Consumer Services sectors. The S&P 500 (1879.55) remains above its 20d moving average (1859.9 - positive slope) and its 50d moving average (1854.8 - positive slope).

European markets are expected to start on a positive note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Tuesday. On the US economic data front, FHFA House Price index rose 0.6% MoM (+0.5% expected) in February after a downwardly revised 0.4% gain the previous month. Richmond Fed manufacturing index jumped to 7 (2 expected) in April from -7 the prior month. Finally existing home sales fell 0.2% MoM (-1.0% expected) in March.

The Euro was under pressure against its major counterparts. In Europe, euro zone consumer confidence index was -8.7 in April vs -9.3 in March. Economists anticipated the index to be unchanged.

Commodities

After the close of Wall Street, WTI Crude Future (JUN 14) was down $1.8 to $101.88. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09).

Gold was down $5.6 to $1284.2. The precious metal was below its 20D MA (@ $1299) and below its 50D MA (@ $1321).

Copper Future (JUL 14) on Comex was about flat to 303.65c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c).

European Markets

ECB: Publication of the Consolidated Financial Statement of the Eurosystem (3pm CET)

Conference: World CDx Frankfurt 2014

Deutsche Bank may reduce its equities operations in Latin America, reported Bloomberg citing sources familiar with the situation

Today's Economic Events

UK 09:30: MAR Public Sector Net Borrowing (Bln): 8.5
UK 09:30: MAR Public Finances (PSNCR) (Bln): NA
US 15:00: MAR New Home Sales (Thsd): 450
US 15:30: W15 Crude Oil Inventories (WoW chg): 3000

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EVENTS & FINANCIAL NEWS 22-04-2014

Market Comment

US indices rose on Monday led by shares in the Pharmaceuticals, Biotechnology & Life Sciences, Transportation and Technology Hardware & Equipment sectors. The S&P 500 (1871.89) remains above its 20d moving average (1858.8 - negative slope) and its 50d moving average (1853.1 - positive slope).

European markets are expected to start on a negative note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Monday. On the US economic data front, the Conference Board's index rose 0.8% MoM (+0.7% expected) in March while Chicago Fed national activity index dropped to 0.20 as expected from 0.53 the previous month.

Commodities

After the close of Wall Street, WTI Crude Future (MAY 14) was about flat to $104.33. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09).

Gold was about flat to $1290.5. The precious metal was below its 20D MA (@ $1300) and below its 50D MA (@ $1321).

Copper Future (JUL 14) on Comex was about flat to 303c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 0 tons to 242300 tons.

Today's Economic Events

UK 09:30: MAR Public Sector Net Borrowing (Bln): 8.5
UK 09:30: MAR Public Finances (PSNCR) (Bln): NA
US 15:00: MAR New Home Sales (Thsd): 450
US 15:30: W15 Crude Oil Inventories (WoW chg): 3000

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EVENTS & FINANCIAL NEWS 21-04-2014

Market Comment

US indices closed into positive territory on Wednesday boosted by shares in Commercial & Professional Services, Media and Software & Services sectors. US industrial production rose 0.7% MoM (+0.5% expected) in March after an upwardly revised 1.2% increase the prior month. The S&P 500 (1862.31) jumped above its 20d moving average (1858.86 - negative slope) and its 50d moving average (1848.89 - positive slope).

European markets are expected to start on a positive note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Wednesday. On the US economic data front, MBA Mortgage Applications for the week ended April 11th rose 4.3%. Housing starts increased 2.8% MoM (+7.0% expected) in March after an upwardly revised 1.9% gain the previous month while building permits declined 2.4% MoM (-0.4% expected). Finally, industrial production rose 0.7% MoM (+0.5% expected) in March after an upwardly revised 1.2% increase the prior month.

The Euro was mixed against its major counterparts. In Europe, euro zone CPI increased 0.9% in March after a 0.3% gain the month before. Economists anticipated prices to be up by 1%.

The British Pound was firm. In UK, unemployment rate was down to 6.9% for the December-February period vs 7.2% for the previous one. Jobless claims were down by 30.4K in March vs -37K the month before. Economists anticipated them to be down by 30K.

Commodities

After the close of Wall Street, WTI Crude Future (MAY 14) was about flat to $103.86. The contract was above its 20D MA (@ $100.59) and above its 50D MA (@ $100.09). The US Department of Energy reported that, for the week ended 11 April, crude oil inventories increased 10013k barrels compared to the previous week.

Gold was about flat to $1302.4. The precious metal was below its 20D MA (@ $1305) and below its 50D MA (@ $1319).

Copper Future (JUL 14) on Comex was up 3.8c to 302.05c/lb. The contract was above its 20D MA (@ 300.44c) and below its 50D MA (@ 310.7c). In Europe, the London Metal Exchange reported its copper inventories decreased 475 tons to 242300 tons.

European Markets

ECB: Publication of the Euro area investment fund statistics, 10 a.m. CET

ECB: Participation of Mr Mersch in a press conference on the occasion of launching the ECB cooperation programme with central banks in Western Balkans, 4 p.m. CET

Today's Economic Events

GE 07:00: MAR Producer Price Index (MoM): 0%
EC 09:00: FEB Euro-Zone: Current Account (Bln) (MoM): NA
US 13:30: W14 Initial Jobless Claims (Thsd): 315
US 15:00: APR Philadelphia Fed.: 10

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EVENTS & FINANCIAL NEWS 04-04-2014

Market Comment

US indices declined on Thursday pressured by shares in the Software & Services, Retailing and Consumer Durables & Apparel sectors. The S&P 500 (1888.77) remains above its 20d moving average (1866.4 - flat slope), and its 50d moving average (1837.3 - positive slope). Watch today's US employment reports.

European markets are expected to start on a positive note.

Foreign Exchange

US Dollar was firm against most of its major counterparts on Thursday. On the US economic data front, trade deficit widened by 7.7% to $42.3B ($38.5B expected) in February. Initial jobless claims rose to 326K (319K expected and 310K prior) in the week ended March 29th. Finally, ISM non-manufacturing jumped to 53.1 (53.5 expected) in March from 51.6 the previous month.

The Euro was under pressure against its major counterparts. In Europe, euro zone PMI composite was 53.1 in March in final estimation vs 53.2 in prior one. It was 53.3 the month before. PMI services was 52.2, vs 52.4 expected and 52.6 in February. Separately, euro zone retail sales gained 0.4% in February after a 1% increase in January (revised from +1.6%). Economists anticipated them to be down by 0.5%. In Germany, PMI services was 53 in March in final estimation vs 54 anticipated and 55.9 the month earlier.

Commodities

After the close of Wall Street, WTI Crude Future (MAY 14) was up $0.7 to $100.34. The contract was below its 20D MA (@ $100.38) and above its 50D MA (@ $98.05).

Gold was down $3.4 to $1286.5. The precious metal was below its 20D MA (@ $1326) and below its 50D MA (@ $1310).

Copper Future (MAY 14) on Comex was down 1.6c to 303c/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 1275 tons to 260100 tons.

Today's Economic Events

US 13:30: MAR Unemployment Rate: 6.6%
US 13:30: MAR Change in Nonfarm Payrolls (Thsd): 200
US 13:30: MAR Change in Manufact. Payrolls (Thsd): 6

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EVENTS & FINANCIAL NEWS 03-04-2014

Market Comment

US indices rose on Wednesday helped by shares in the Automobiles & Components, Media and Capital Goods sectors. The S&P 500 (1890.9) remains above its 20d moving average (1865.9 - flat slope), and its 50d moving average (1836.5 - positive slope).

European markets are expected to start on a positive note.

Foreign Exchange

US Dollar was firm against most of its major counterparts on Wednesday. On the US economic data front, MBA Mortgage applications for the week ended March 18th fell 1.2%. Companies added 191K (195K expected) workers in March after an upwardly revised 178K increase the previous month according to the ADP report. Finally, factory orders rose 1.6% MoM (+1.2% expected) in February.

The Euro was under pressure against its major counterparts. In Europe, euro zone PPI index fell by 0.2% in February after a 0.4% decline the month before (revised from -0.3%). Economists expected the prices to be flat.

Commodities

After the close of Wall Street, WTI Crude Future (MAY 14) was about flat to $99.4. The contract was below its 20D MA (@ $100.38) and above its 50D MA (@ $98.05). The US Department of Energy reported that, for the week ended 28 March, crude oil inventories fell 2379k barrels compared to the previous week.

Gold was up $11 to $1289.9. The precious metal was below its 20D MA (@ $1329) and below its 50D MA (@ $1309).

Copper Future (MAY 14) on Comex was about flat to 303.85c/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 1875 tons to 261375 tons.

European Markets

ECB: ECB Governing Council meeting (9am CET); Monetary Policy Decision (1:45pm CET); Press conference following the meeting (2:30pm CET)

Today's Economic Events

EC 10:00: FEB Euro-Zone: Retail Trade (MoM): -0.5%
EC 12:45: ECB: Rates decision: 0.25%
US 13:30: W12 Initial Jobless Claims (Thsd): 318
US 13:30: FEB Trade Balance (Bln): -38.5
US 15:00: MAR ISM - Non Manufacturing: 53.5

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EVENTS & FINANCIAL NEWS 02-04-2014

Market Comment

US indices rose on Tuesday led by shares in the Automobiles & Components, Retailing and Technology Hardware & Equipment sectors. The S&P 500 (1885.52) remains above its 20d moving average (1865 - flat slope), and its 50d moving average (1835.5 - positive slope).

European markets are expected to start on a flat note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Tuesday. On the US economic data front, ISM manufacturing index rose to 53.7 (54.0 expected) in March from 53.2 the previous month. Construction spending increased 0.1% MoM (flat expected) in February after a downwardly revised 0.2% decline in January.

The Euro was firm against its major counterparts. In Europe, euro zone PMI manufacturing was 53 in March in final estimation, as in prior one and 53.2 the month before. Euro zone unemployment rate was flat in February at 11.9%. In Germany, PMI manufacturing was 53.7 in March in final estimation vs 53.8 in prior one and 54.8 in February. In Germany, unemployment was down by 12K in March after a 15K decrease in February (revised from -14K). Economists anticipated a 10K drop. Unemployment rate was 6.7%, flat MoM.

Commodities

After the close of Wall Street, WTI Crude Future (MAY 14) was down $2.2 to $99.34. The contract was below its 20D MA (@ $100.38) and above its 50D MA (@ $98.05).

Gold was down $4.3 to $1279.7. The precious metal was below its 20D MA (@ $1331) and below its 50D MA (@ $1308).

Copper Future (MAY 14) on Comex was up 1.1c to 303.7c/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 1925 tons to 263250 tons.

European Markets

ECB: publication of the MFI interest rate statistics (10am CET); participation by Mr. Constâncio in informal ECOFIN meeting in Athens, Greece.

Today's Economic Events

EC 10:00: FEB Euro-Zone: PPI (MoM): 0%
US 15:00: FEB Factory Orders: 1.2%
US 15:30: W12 Crude Oil Inventories (WoW chg): 2500

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EVENTS & FINANCIAL NEWS 01-04-2014

Market Comment

US indices jumped on Monday helped by shares in the Semiconductors & Semiconductor Equipment, Pharmaceuticals, Biotechnology & Life Sciences and Commercial & Professional Services sectors. Feb Chairman Yelen said economy needs extraordinary support for some time. The S&P 500 (1872.34) broke above its 20d moving average (1864.4 - flat slope), and remains above its 50d moving average (1834.6 - positive slope).

European markets are expected to open on a positive note.

Foreign Exchange

US Dollar was mixed against most of its major counterparts on Monday. On the US economic data front, Chicago Purchasing Manager index dropped to 55.9 (59.8 expected) in March from 59.8 the previous month while Dallas Fed Manufacturing Activity index jumped to 4.9 (3.0 expected and 0.3 prior).

The Euro was mixed against its major counterparts. In Europe, euro-zone CPI index was up by 0.5% in March YoY after a 0.7% increase in February (+0.6% expected). German retail sales increased 1.3% in February after being up by 1.7% the month before (revised from -0.5%). Economists anticipated a 0.5% decline. French GDP growth was confirmed at +0.3% in 4Q QoQ.

Commodities

After the close of Wall Street, WTI Crude Future (MAY 14) was about flat to $101.51. The contract was above its 20D MA (@ $100.38) and above its 50D MA (@ $98.05).

Gold was down $10.8 to $1284.5. The precious metal was below its 20D MA (@ $1334) and below its 50D MA (@ $1307).

Copper Future (MAY 14) on Comex was down 1.3c to 302.8c/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 2025 tons to 265175 tons.

UK Market News

Ireland: The Investec/ Markit Manufacturing PMI Ireland was at 55.5 in March vs 52.9 in February. The reported pointed out: "Growth in the Irish manufacturing sector gathered momentum in March, with rates of expansion in output and new orders quickening sharply during the month. Expectations of further improvements in coming months led companies to raise staffing levels markedly and increase their inventory holdings."

European Markets

ECB: Publication of the Consolidated Financial Statement of the Eurosystem (3pm CET)

Conference: Printed Electronics Europe 2014; in-cosmetics

Today's Economic Events

GE 08:55: MAR Unemployment Change (Thsd): NA
GE 08:55: MAR Unemployment Rate: NA
EC 10:00: FEB Euro-Zone: Unemployment Rate: NA
US 15:00: FEB Construction Spending (MoM): 0.1%
US 15:00: MAR ISM - Manufacturing: 54
US 15:00: MAR ISM - Price Paid: NA
US : MAR Total Vehicule Sales (Mln): 15.8
US : MAR Domestic Vehicule Sales (Mln): 12.2

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