European markets are expected to open on a positive note.
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.
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
Conference: Printed Electronics Europe 2014; in-cosmetics
Today's Economic Events
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